Orders placed with US factories up 1.5 percent
Source: AP-Excite
By MARTIN CRUTSINGER
WASHINGTON (AP) - Orders placed with U.S. factories rose to a record high in June, boosted by strong demand for airplanes, machinery and autos.
Factory orders rose 1.5 percent in June compared with May, when orders had risen 3 percent, the Commerce Department reported Friday. The gains pushed total orders to a record $496.7 billion.
It was the second month that factory orders have been at an all-time high, surpassing the previous record set in June 2008. Demand for factory goods had plunged during the recession.
Orders in a key category that tracks business investment rose 0.9 percent in June, the fourth consecutive monthly gain.
FULL story at link.
Read more: http://apnews.excite.com/article/20130802/DA7TS1U81.html
In this July 1, 2013 file photo, brewer Ken Hermann rolls a fresh keg of beer onto pallets at the Harpoon Brewery in the Seaport District of Boston. The Commerce Department reports on orders placed with U.S. factories in June on Friday, Aug. 2, 2013. (AP Photo/Charles Krupa, File)
= new reply since forum marked as read
