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April Factory Orders Improve
U.S. factory orders rose in April for the second time in three months, the Commerce Department said Wednesday.
The 0.7% gain followed a revised 1.9% drop in March about twice the decline originally reported.
Economists had forecast a 0.9% increase for April, Bloomberg reported.
Durable goods orders, which make up slightly more than half of factory orders, rose 1.7%. Excluding transportation orders, which tend to be volatile, orders rose 0.1%.
The trucking industry relies on factory orders and shipments for much of its business.
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