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Factory Orders Up 2.8% In July

Aug - 31 - 2012

Factory orders rose 2.8% in July, the Commerce Department reported Friday. Economists polled by MarketWatch had expected a 2% rise. June's decrease of 0.5% was not revised. In July, orders for non-durable goods rose 1.5% Durable goods were revised to a 4.1% gain from a 4.2% rise reported last week. Factory shipments rose 2% in July while inventories increased by 0.5%.

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