A fall in demand for military equipment spurred a drop in new orders for U.S. factory goods in May, but signs of a healthy appetite for investment in the private sector pointed to broader strength in the economy. The Commerce Department said on Wednesday new orders for manufactured goods decreased 0.5 percent. Wednesday's data reinforced the view that investment demand could support a sustained pickup in economic growth this year. The Commerce Department left unchanged its previous estimate for a proxy for business investment demand, with new orders for non-military capital goods other than aircraft rising 0.7 percent in May.
via Business News - Yahoo Finance http://ift.tt/1oo5fFJ
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