The Chicago PMI was released from the United States for the month of January, where the index rose to 68.8, compared with the prior reported estimate of 66.8 and well above estimates of 64.5. The prices paid index rose to 81.7 from 78.0, while production increased to 73.7 from 72.2, new orders also rose to 75.7 from 71.3, while inventories eased to 54.5 from 60.0 and employment increased to 64.1 from 58.4.