U.S. factory orders rise more than expected in July

By Nandita Bose Posted on September 2, 2020

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

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)