Us Factory Orders, Good News | featured news

New orders for U.S. factory goods rose more than expected in May, a hopeful sign for U.S. manufacturers who have appeared more vulnerable to Europe's festering debt crisis.

New orders for U.S. factory goods rebounded in February and firms increased orders for capital goods, suggesting manufacturing held on to some momentum early in the year.

New orders received by factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, according to a government report on Tuesday that pointed to underlying strength in manufacturing.

New data indicate the American economy is continuing to recover despite the European slowdown.

Better-than-expected orders for U.S.-made manufactured goods lead equities higher in morning trading.

Orders to U.S. factories rebounded in September, helped by strength in autos, heavy machinery and military aircraft....

A White House spokesman said Wednesday that the United States has avoided falling off an economic cliff, citing as evidence a new report showing factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.