US factory orders goes up

Washington, Aug 3 (IANS) New orders for US-manufactured goods rose in June for the third straight month, boosted by orders for durable goods, according to the US Department of Commerce.

US factory orders increased by $7.6 billion, or 1.5 percent, to a seasonally-adjusted $496.7 billion in June, Xinhua reported.

This was the highest level since the report was first published in 1992, following a revised 3.0 percent May increase, said the department Friday.

New orders for durable goods, or big-ticket items expected to last at least three years such as computers, cars and machinery, jumped 3.9 percent to around $244.2 billion in June.

New orders for non-durable goods, including food, paper products, petroleum and coal products, edged down 0.6 percent to about $252.4 billion in June.

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