Here Comes ISM Manufacturing...

The Institute for Supply Management's manufacturing report for August is expected at the top of the hour.

Expectations are for the reading to come in at 57.0, down from 57.1 in July.

In a note to clients ahead of the report, analysts at Nomura said, "The July ISM manufacturing report exceeded expectations in July, as businesses seem to be more confident about economic conditions. Regional manufacturing surveys in August continued to have an optimistic tone, and stocks have climbed higher in recent weeks and may be providing a boost to business confidence. As such, we expect the ISM manufacturing index to remain elevated at 56.5 in August."

We'll be back with the live numbers when the hit.