U.S. Factory Orders Decline in June
And although manufacturing has provided a bright spot in the economic rebound, Michael Bratus of Moody's Economy.com notes, "The manufacturing expansion is settling into a slower rate of growth,"
President Barack Obama's export drive and the stronger dollar had provided a boost to sales of U.S. goods overseas. However, analysts note that in recent months the dollar has lost ground to the euro, making exports to Europe more expensive.
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