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Supply Chain Pressures Stabilizing At Problematic Levels

GLOBAL

The NY Fed's Global Supply Chain Pressure Index (GSCPI) suggests global bottlenecks eased slightly in May to 2.90, reversing most of the tightening seen in April (3.40, which was up from 2.80 in both Feb and Mar).

  • The majority of the components in the GSCPI eased in May.
  • The NY Fed's overall view is that global supply chain pressures have stabilized "at historically high levels" over the past 3 months.
  • The reading suggests little relief for inflation-boosting/growth-suppressing supply chain issues, with Chinese lockdowns a major factor.

Source: NY Fed, MNI

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