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Durable-goods orders rebound for first gain in three months, investment also picks up
Orders for long-lasting manufactured goods such as autos and computers rose in June for the first time in three months, but business spending and investment is still much weaker than a year ago as companies try to navigate a more unsettled global economy. Durable-goods orders rose 2% last month, the government said Thursday. The increase was higher than 0.7% forecast of economists polled by MarketWatch, but the decline in May also turned out to be deeper than initially reported. That took some shine off last month’s increase. If cars and planes are stripped out, orders rose a smaller 1.2%. Transportation often ... (full story)
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