Factory Orders Rise 0.6% in Third Straight Gain

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Factory orders jumped 0.6% in May, the third straight increase, the Commerce Department said Wednesday.

The gain followed a revised 1.3% increase in April that was less than originally reported. Excluding transportation orders, bookings rose 0.4%, Commerce said.

Economists had forecast a 0.5% increase, Bloomberg reported.

Durable goods orders, which make up about half of factory orders, were unchanged.
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