U.S. factory orders strengthen in August
Factory orders rebounded 1.2% in August after a sharp decline in the prior month, the Commerce Department reported Thursday. Economists polled by MarketWatch had expected a gain of 1.1% for overall factory orders after a 3.3% drop in July. Orders for durable goods, about half of all orders, rose a revised 2% in August compared with the prior estimate of a 1.7% gain. Orders for non-defense capital goods excluding aircraft jumped 1.1% in August after a 0.9% gain in July.
-Greg Robb; 415-439-6400; AskNewswires@dowjones.com
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