Factory orders rebound 0.8 percent in May

Reuters

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.

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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)

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