Factory Orders Spike in June

Washington, DC, Aug. 5, 2014 -- Factory orders surged in June by 1.1%, the Commerce Department said.

Demand for commercial aircraft jumped 8.4% to spur the gains.

Orders for machinery also rose 2.9%, while orders for computers and electronic products were also up 2.9%.

Over the past year, factory orders were up 2.5%.

                                                                                                                                                                                                                                                                                             
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