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Today's release of the ISM Manufacturing report for the month of August came in stronger than expected (55.7 vs. 54.0), building on last month's surprising increase. The ISM Manufacturing index is now at its highest level since June 2011.

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The table below breaks down each of the ISM Manufacturing Index's sub-indices. Of the 10 components, seven increased over July's levels, as both Production and New Orders came in above 60 for the first time since March 2011. Compared to a year ago, this month's reading was even a little bit stronger as all but two components were either unchanged or higher relative to where they were last year.

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Source: ISM Manufacturing Increases Again