Here come factory orders ...
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Factory orders are forecast to rise 2%, following a 1.5% decline in June, according to Bloomberg.
The preliminary report showed that orders for goods built to last rose 4.4% during the month. Excluding transportation orders, which are often volatile month-to-month, durable goods are estimated to rise 1.5%.
Capital goods orders for non-defence items excluding aircraft, or so-called core durable goods, were reported at 1.6% in the prior report.
After three straight quarters of contraction in business-equipment spending, a rebound in orders would boost expectations for stronger economic growth in the third quarter.
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