The manufacturing economy continued its recovery in January

• January ISM Manufacturing Index: 58.7 vs. 60.0 consensus, 60.5 prior (revised from 60.7).
• New Orders Index 61.1 vs. 67.5 in December.
• Production Index of 60.7 falls from 64.7 prior.
• Backlog of Orders Index 59.7 vs. 59.1 prior.
• Employment Index 52.6 vs. 51.7 prior.
• Supplier Deliveries Index 68.2 vs. 67.7 prior.
• Prices Index 82.1 vs. 77.6 prior