Orders for big-ticket US manufactured goods jumped 11.2%

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Orders to American factories for big-ticket goods increased for the third consecutive month, according to the Commerce Department. PHOTO CREDIT: Steven Senne
Orders to American factories for big-ticket goods increased for the third consecutive month, according to the Commerce Department. PHOTO CREDIT: Steven Senne
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Posted By: biztimes August 26, 2020

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 today 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%.

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