Orders for US durable goods rebounded in July

August 25, 2016 12:32 PM

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Orders to U.S. factories for big-ticket manufactured goods surged in July, lifted in part by the biggest increase in orders in a key investment category since January.

Orders for durable goods jumped 4.4 percent in July, rebounding from a 4.2 percent plunge in June, the Commerce Department reported Thursday. The changes in both months were driven by swings in the volatile category of commercial aircraft.

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