The Commerce Department says that orders that cover business investment plans rose 0.4 percent in June following declines of 0.6 percent in May and 0.9 percent in April. It was the biggest setback for total factory orders since a 1.9 percent decline in February. But overall factory orders fell, reflecting a drop in the volatile category of commercial aircraft. A key category of orders to U.S. businesses that tracks investment posted a small gain in June after two months of declines. Overall orders dropped 1.5 percent following a 1.2 percent fall in May.

Source: Fox News August 04, 2016 14:03 UTC