Investors received some evidence Monday that the manufacturing sector’s expansion continued this summer. While the U.S. Commerce Department announced that factory orders fell 0.5% in August, the more-telling ex-transportation orders actually rose 0.9%.
A Bloomberg survey had expected August factory orders to fall 0.3%, after rising a revised 0.5% in July, up from the previously estimated 0.1% gain,…
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Silver Lining in Weak Factory Orders Report originally appeared on DailyFinance on Mon, 04 Oct 2010 11:45:00.
Filed Under: Economy