Credit: Reuters/Andy Clark
A worker builds an engine for the Boeing 737-900 at their assembly operations in Renton, Washington, October 18, 2012.
Stripping out military wares, new orders rose a modest 0.2 percent.
U.S. factory output appeared to accelerate in the second quarter after lackluster activity during an unusually harsh winter. Data on Tuesday pointed to U.S. manufacturing activity rising at a steady clip in June, while automobile sales raced to
their highest level in almost eight years. Wednesday's data reinforced the view that investment demand could support a sustained pickup in economic growth this year. The Commerce Department left unchanged its previous estimate for a proxy for business investment demand, with new orders for non-military capital goods other than aircraft rising 0.7 percent in May.
(Reporting by Jason Lange; Editing by Paul Simao)
Entities 0 Name: U.S. Count: 2 1 Name: Boeing Count: 1 2 Name: Clark Count: 1 3 Name: Paul Simao Count: 1 4 Name: Washington Count: 1 5 Name: Jason Lange Count: 1 6 Name: Renton Count: 1 7 Name: Commerce Department Count: 1 Related 0 Url: http://ift.tt/1qh8GiO Title: Factories hire more staff amid fastest growth for 20 years Description: Factories are hiring new staff to keep up with rising demand as Britain's manufacturing output grows at its fastest pace for a generation, according to a closely watched business survey on Tuesday.