U.S. factory orders rise 0.9% in April

Investor’s Business Daily

U.S.-made factory goods increased 0.9% in April, the sharpest gain in five months, the Commerce Department reported Thursday.

Shipments of factory goods increased 0.7%, while inventories rose 0.1%. The inventory-to-shipment ratio fell to 1.24 from 1.25 in March.

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