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US factory orders Rose 0.7% in April

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The U.S. Department of Commerce announced that April factory orders rose 0.7%, lower than the market expected 0.9%.　　The administration also revised the March figure sharply downward by 100 points to a 1.9% decrease. Factory orders excluding shipments rose slightly by 0.1% in April, while orders for defence fell by 2.4%.

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