More good economic news.
U.S. factories saw orders rise by 2.9 percent in May, the best showing in 14 months, with most of the strength reflecting robust demand for airplanes and parts.
The sizable advance came after 0.7 percent increases registered in both March and April, the Commerce Department reported on Tuesday.
New bookings for machinery and computers fell in May. Orders for cars and primary metals, including steel, were flat. But demand for airplanes, household appliances and furniture all posted gains. Orders for food products and clothing also went up.
Tuesday, July 05, 2005
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