Orders for big-ticket US manufactured goods jumped 11.2%
Aug 26, 2020 | 7:00 AM
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WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain.
The Commerce Department reported Wednesday that the July advance followed a 7.7% increase in June.
The July increase was led by a strong advance in the volatile transportation sector, which was up 35.6%. Excluding transportation sector, orders would have risen by a more modest 2.4%.
Martin Crutsinger, The Associated Press
