Manufacturing Expands in January

ISM reports:

• "Commodity prices are moving up again." (Printing & Related Support Activities)
• "We now believe that we will not have a good upturn until the 3rd quarter of 2010." (Primary Metals)
• "Overall activity is significantly higher than we typically see this time of year." (Machinery)
• "Orders from automotive very strong." (Electrical Equipment, Appliances & Components)
• "Lead times continue to be a problem for electronic components." (Computer & Electronic Products)

Source: ISM