Factory Orders Rise 1.2% in June
.S. factory orders rose for a second straight month in June, rising 1.2%, the Commerce Department reported Thursday.
The increase followed a revised 1% gain in May that was greater than the 0.7% uptick originally reported.
The June increase was below than 1.8% rise predicted by economists, Bloomberg reported.
Excluding transportation orders, orders rose 0.1% following a 1.7% rise in May, Commerce said.
Durable goods orders, which make up just over half of all orders, rose 2.9% after a 0.3% increase in May.
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