Written by • August 26, 2020• 12:53 pm• General News, UK, US, World • Views: 0

Orders for big-ticket US manufactured goods jumped 11.2%

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods jumped 11.2% in July, the third consecutive monthly gain.

The Commerce Department reported Wednesday that the July advance followed a 7.7% increase in June.

The July increase was led by a strong advance in the volatile transportation sector, which was up 35.6%. Excluding transportation sector, orders would have risen by a more modest 2.4%.

Martin Crutsinger, The Associated Press

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