Free Trial

Chicago PMI Sees Supply Chains Worsen in May

US DATA
MNI (London)
  • This month's Chicago Business BarometerTM found supply chain disruptions to have worsened in May with offshore sourcing the key driver.
  • The bi-monthly special question of whether firms were seeing easing up in supply blockages found the majority of respondents were not seeing any easing of supply chain disruptions (61.7%), followed by just under a third experiencing some easing (31.9%). 4.2% continued to be unaffected, whilst only 2.1% of firms confirmed improvements in supply chain blockages.
  • The New York Fed's Global Supply Chain Pressure Index (GSCPI) saw renewed strains in April following easing pressures over the previous four months. This was largely due to shortages and delays caused by China's lockdowns.
  • Looking forward, in a government statement on Sunday, easing of Shanghai's lockdown was announced along with measures to reignite growth. Although production is likely to pick up again, container ship backlogs will require longer to ease.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.