WASHINGTON―New orders for U.S.–made goods accelerated in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labor.
The Commerce Department said on Monday that factory orders increased 1.2 percent in August. Data for July was revised higher to show orders rising 0.7 percent in July instead of gaining 0.4 percent as previously reported. Economists polled by Reuters had forecast factory orders gaining 1.0 percent.
