Factory orders up 2.8% in July

But investment gauge declines

Posted: September 1, 2012 at 3:17 a.m.

A forklift driver takes inventory into the warehouse at a Michelin tire plant in Greenville, S.C., in July. Factory orders rose 2.8 percent in July, the Commerce Department said Friday.

Orders to U.S. companies rose in July, reflecting a surge in demand for autos and commercial aircraft. But in a troubling sign of manufacturing weakness, a key orders category that tracks business investment plans fell by the largest amount in eight months.

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Business, Pages 33 on 09/01/2012