New Factory Orders Jump in May

Commerce Department data released today showed a slight uptick in factory orders in May. By beating expectations, the report may give hope that the end to the slowdown in manufacturing may be on the horizon.

Or maybe not.

New orders for U.S. made goods grew $4.1 billion in the month, marking a 1.2% spike. That represents the largest jump since last summer. After excluding transportation orders, which tend to swing wildly, new orders jumped 0.8%. ...