Factory orders pick up

Washington — The economy keeps chugging ahead like "The Little Engine That Could." Factory orders unexpectedly rose fourth-tenths of a percent in May, pushed by a 1.2 percent gain in non-durable goods, the Commerce Department reported today. The gain follows a revised drop of 3.0 percent in April.

Orders of durable goods fell 0.4 percent, tugged at by a number of sectors including transportation and defense, but helped by stronger sales in computers and consumer electronics.

Home & Textiles Today Staff | News & Commentary

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