Orders Placed With American Factories Rise 1.5 Percent in June Compared to May

Demand for airplanes and cars helping

WASHINGTON (AP) — Orders placed with U.S. factories rose to a record high in June, boosted by strong demand for airplanes, machinery and autos.

Factory orders rose 1.5% in June compared with May, when orders had risen 3%, the Commerce Department reported Friday. The gains pushed total orders to a record $496.7 billion.