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US factory orders rise in August
U.S. factory orders increased slightly in August by 0.1%, with strong demand for equipment and electrical appliances offsetting the decline in demand for commercial aircraft. Additionally, orders for non-defense capital goods excluding aircraft rose by 1.6%. Despite the focus of the data on growth in demand, concerns remain about the weakness of sectors not related to AI spending, due to supply chain disruptions and rising energy prices caused by tensions in the Middle East, as well as the risks posed by tariffs and trade wars with Canada.
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