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New orders for U.S. manufactured goods rose by more than expected in the month of April, according to a report released by the Commerce Department on Tuesday.
The report said factory orders increased by 0.7 percent in April after jumping by an upwardly revised 1.5 percent in March.
Economists had expected orders to climb by about 0.5 percent compared to the 1.1 percent increase that had been reported for the previous month.
