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US factory orders last month declined by less than expected. This is confirmed by the official data released on Thursday.
According to the report prepared by the US Census Bureau, the indicator (seasonally adjusted) was -1.5% compared with -1.2% in the previous month (revised downward to -1.0%). Forecasts indicated a decline over the past month to -1.8%.
Factory orders excluding transportation rose 0.4% in June, while excluding defense goods decreased by 1.4%.
Orders for durable goods in June revised to -3.9% from -4.0%.
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