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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 Index and each of its 10 subcomponents relative to last month and one year ago.

While today's reading was only slightly above 50, seven of the 10 subcomponents were above 50 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 10 subcomponents, December 2012 was weaker than December 2011. Click here for charts of ISM and each subcomponent.

(click to enlarge)

Source: ISM Manufacturing Back Above 50