The Traderszone Network

Published in TZ Latest News 2 July, 2014 by The TZ Newswire Staff

U.S. factory orders hurt by defense; investment appetite positive

A fall in demand for military equipment spurred a drop in new orders for U.S. factory goods in May, but signs of a healthy appetite for investment in the private sector pointed to broader strength in the economy. The Commerce Department said on Wednesday new orders for manufactured goods decreased 0.5 percent. Wednesday’s data reinforced the view that investment demand could support a sustained pickup in economic growth this year.

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