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US Factory Orders Rise More than Expected

M. Ali 2 September, 2020 7:31 pm Market Update

New factory orders in the United States rose by more than expected in July, according to data by the US Department of Commerce.

Factory orders increased by 6.4% in July, while a recent poll by Reuters forecast a growth of 6%.

The indicator signals a strong recovery from the coronavirus (COVID-19) pandemic.

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