Factory Orders Increase in July Sep 3, 2009

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Orders to U.S. factories rose 1.3% in July, said a Commerce Department report.

An 18.5% increase in transportation goods orders drove the overall increase.

Orders for durable goods rose 5.1% in July, the most in two years. Orders for nondurable goods, such as food, petroleum products and chemicals, fell 1.9%, the most since December.

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