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Motor vehicles power US factory orders in June

from Reuters

Motor vehicles power US factory orders in June Reuters New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing, though rising COVID-19 cases threaten the tentative recovery. The Commerce Department said recently factory orders rose 6.2%, boosted by a surge in demand for motor vehicles, after rebounding 7.7% in May. Despite the second straight monthly gain, orders remained well below their February level. READ MORE

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