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02.09.2015 14:24 U.S. factory orders are up 0.4% in July

The U.S. Commerce Department released factory orders data on Wednesday. Factory orders in the U.S. rose 0.4% in July, missing expectations for a 0.9% gain, after a 2.2% increase in June. June's figure was revised up from a 1.8% rise.



The increase was driven by a rise in orders for motor vehicles, which jumped 4% in July, the largest rise since July 2014.



Durable goods increased by 2.2% in July, while orders for nondurable goods dropped 1.3%.

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