Factory Orders Rose 1.3% In July

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While the Commerce Department released a report on Wednesday showing a continued increase in factory orders in the month of July, the pace of growth in orders came in well below what economists had been expecting.

The report showed that orders for manufactured goods increased by 1.3 percent in July following a revised 0.9 percent increase in June. Economists had expected orders to increase by 2.2 percent compared to the 0.4 percent originally reported for the previous month.

While the Commerce Department released a report on Wednesday showing a continued increase in factory orders in the month of July, the pace of growth in orders came in well below what economists had been expecting. (Market News Provided by RTTNews)