U.S. factory orders fell in June as aircraft bookings retreated, but core measures strengthened, suggesting underlying demand held up into the summer. New orders declined 4.8 percent to $611.7 billion, a touch better than the minus 5.0 percent drop expected by Econoday.
Outside the volatile transportation category, new orders rose 0.4 percent to $498.6 billion, a commonly watched proxy for factory demand beyond aircraft and autos. Excluding both transportation and defense, orders showed an even firmer 0.8 percent gain, rising to $483.5 billion from $479.6 billion in May.
Transportation was the swing factor. Transportation equipment orders fell…
Read the full article at BREITBART.COM
