New orders for U.S.-made goods rose in July, while business spending on equipment remained strong, signs that manufacturing was holding up despite persistent supply constraints and spending rotating back to services from goods. The Commerce Department said on Thursday that factory orders increased 0.4% in July after advancing 1.5% in June. Economists polled by Reuters had forecast factory orders gaining 0.3%. Orders increased 18.0% on a year-on-year basis. Though demand is shifting back to services, appetite for goods remain strong. This, together with an urgency by businesses to restock after inventories were run ... (full story)