News Summary: Factory orders rose in May

Published July 3, 2012 9:51pm ET



ORDERS UP: Orders to U.S. factories increased 0.7 percent in May, the first increase after two months of declines.

CORE GOODS: Core capital goods, which serve as a proxy for business investment, increased 2.1 percent in May. That’s better than the 1.6 percent estimated last week and showed that companies are still making investment plans.

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