Factory Orders Jump More than Expected - Economy * US * News * Story

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Factory Orders Jump More than Expected

Topics:Consumers | Economy (Global) | Economy (U.S.)

By: Reuters | 02 Jul 2008 | 10:06 AM ET

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New orders at U.S. factories rose by a sharper-than-expected 0.6 percent in May on a boost in orders for new aircraft, a Commerce Department report on Wednesday showed.

Excluding transportation items, new orders rose a more modest 0.4 percent. Economists polled by Reuters ahead of the report were expecting a 0.4 rise in overall May factory orders.

Transportation orders, reflecting a big boost in both civilian and defense aircraft orders, rose 2.5 percent.

However, orders for autos and parts fell 1.6 percent.