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Updated:
8/5/2009 10:30:00 AM
Factory Orders Improve in June
U.S. factory orders rose in June a third straight month, the Commerce Department said Wednesday.
The 0.4% gain followed a revised 1.1% increase in May that was slightly below the 1.2% that had been originally reported.
Economists had forecast a 0.8% decline for June orders, Bloomberg reported.
Durable goods orders, which make up slightly more than half of factory orders, fell 2.2%. Excluding transportation orders, which tend to be volatile, orders rose 2.3%.
The trucking industry relies on factory orders and shipments for much of its business.
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