Factory orders rebound 0.8 percent in May
WASHINGTON (Reuters) - New orders received by U.S. factories bounced back in May, boosted by demand for transportation equipment and a range of other products, a government report showed on Tuesday.
The Commerce Department said orders for manufactured goods rose 0.8 percent after revised 0.9 percent fall in April.
Economists polled by Reuters had forecast factory orders rebounding 1.0 percent in May after a previously reported 1.2 percent fall.
(Reporting by Lucia Mutikani, Editing by Chizu Nomiyama)