Factory Orders Jump

Allegheny technologies steel factoryWikimedia CommonsWhite-hot steel pours like water from a 35-ton electric furnace, Allegheny Ludlum Steel Corp., Brackenridge, Pa.

Factory orders jumped by 10.5% in July, following a 1.5% gain in June.

This was actually a hair shy of the 11.0% expected by economists.

This follows last month’s July durable goods report, which showed an unusually large order for Boeing planes caused durable goods orders to surge 22.5%.

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