U.S. factory orders rise more than expected in July
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FILE PHOTO: Line workers spot weld parts of the frame on the flex line at Nissan Motor Co's automobile manufacturing plant in Smyrna, Tennessee, U.S., August 23, 2018. REUTERS/William DeShazer/File Photo GLOBAL BUSINESS WEEK AHEAD
WASHINGTON (Reuters) - New orders for U.S.-made goods increased more than expected in July as the manufacturing sector continues to steadily recover from the COVID-19 pandemic.
The Commerce Department said on Thursday factory orders rose 6.4% after a similar gain in June. Economists polled by Reuters had forecast factory orders increasing 6.0% in July.
(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)
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