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Factory Orders Jump

Sam RoSep 3, 2014, 19:30 IST

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%.