US factory orders rise 1.1% in June

By AP

Factory orders had fallen 0. 6 per cent in May after three straight months of gains. An 8. 4 per cent jump in demand for commercial aircraft fuelled the latest gains.

Iron and steel mills had a 1. 7 per cent increase in demand, while orders for computers and electronic products were up 2. 9 per cent.

Excluding military hardware, factory orders rose 1 per cent in June from May.

The Commerce Department reports that orders rose a seasonally adjusted 1. 1 per cent compared to the month prior.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

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