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Associated Press, - June 24, 2010

Media Outlet: 

Associated Press,



Factory orders for big-ticket manufactured goods declined in May, but excluding transportation, orders rose as manufacturing continued to help drive the recovery. Manufacturers are investing in equipment and repairs that they put off during the recession, Temple economist William Dunkelberg told the AP. "We will be replacing more and more machinery and repairing facilities, because the corporate sector does have a lot of cash and they're sitting there looking for things to do with that money," he said.