Factory Orders Rose 0.7 percent in June

New orders for manufactured goods increased 0.7 percent to $501.7 billion in June, according to the U.S. Census Bureau. The increase followed a 0.4 percent rise in May.

New orders for manufactured durable goods increased 0.8 percent to $251.5 billion in June. Transportation equipment led the increase, rising 2.1 percent to $87.7 billion.

Shipments of manufactured durable goods increased 1.5 percent to $251.1 billion.

Inventories of manufactured durable goods, down following seventeen consecutive monthly increases, decreased 0.1 percent to $402.9 billion.

Read the Census release.