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ISM Manufacturing Back Above 50

This morning's release of the ISM Manufacturing report for December came in better than expected (50.7 vs. 50.5) and moved back into growth territory with a reading above 50.  The table below shows the current reading of the ISM Manufacturing and each of its ten subcomponents relative to last month and one year ago.  While today's reading was only slightly above 50, seven of the ten subcomponents were above fifty and seven also showed improvement relative to last month.  Compared to last year, though, the results were a little less robust.  For both the headline index and six out of ten subcomponents, December 2012 was weaker than December 2011.  Click here for charts of ISM and each subcomponent.

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