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U.S. factory orders rise in August
US factory orders experienced a slight increase of 0.1% in August, with a decline in commercial aircraft orders offset by higher demand for electrical equipment and appliances. Year-over-year, orders rose by 6.8%, supported by investments in artificial intelligence infrastructure expansion and the rebuilding of domestic inventories. However, non-AI-related sectors face challenges from supply chain disruptions and rising energy costs, with aircraft orders down by 4.3%, automotive orders up by 0.8%, and electronics demand increasing by 14.7% annually.
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