Factory Orders Rise 2.4%; Ex-Transportation Up 0.9%

WASHINGTON — New orders for manufacturers rose 2.4% in July on a seasonally adjusted basis, the Commerce Department reported Wednesday. Excluding transportation, new orders were up 0.9%.

The July orders followed  a revised decline of 0.4% in overall orders and a 0.4% rise in non-transportation orders for June.

The median estimate of economists polled by Thomson Reuters was for a 1.9% increase in total orders, based principally on earlier reports of large gains in aircraft and auto orders.

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