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US factory orders rise 1.2% in August

U.S. factory orders rose 1.2% in August to $471.7 billion after decreasing 3.3% in July, the U.S. Census Bureau said.

Econoday data made available by Bloomberg indicated that factory orders were projected to rise 1.0% in August.

New orders for manufactured durable goods increased 2.0% to $233.5 billion after a 6.8% decrease in July. New orders for nondurable goods were up 0.4% to $238.2 billion.

Shipments of durable goods increased 0.5% to $237.8 billion, and shipments of nondurable goods climbed 0.4% to $238.2 billion.

Unfilled orders for durable goods increased $200 million to $1.133 trillion in August, following a 0.3% decrease in July.

Inventories of durable goods increased 0.4% to $400.8 billion, and inventories of nondurable goods were up 0.6% to $254.8 billion.