Factory Orders Rise Again in April

Washington, DC, June 3, 2014 -- Factory orders rose for a third consecutive month in April, according to the Commerce Department.

The government said orders increased 0.7% in April following a 1.5% increase in March and a 1.7% gain in February.

A category regarded as an indicator of business investment plans fell by 1.2% in April, though that drop came after a 4.7% surge in March.