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Improvement In Supply Availability Has Stalled - NY Fed Staff

FED
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NY Fed staff in an update from their new measures of supply availability that will be published on a monthly basis from June (full note here):

  • “These indexes indicate that supply availability had generally been improving since early 2023, but over the past couple of months, improvement has stalled.”
  • “This trend is concerning since our May Supplemental Survey indicates that between a third and a half of businesses in the region are experiencing difficulties obtaining supplies, and many are reducing operations and raising prices to compensate, though to a lesser extent than a few years ago.”
  • See the actions taken by firms in light of these supply pressures and how it compares to 2021 in the chart below with a breakdown by goods and services:

Source: NY Fed

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NY Fed staff in an update from their new measures of supply availability that will be published on a monthly basis from June (full note here):

  • “These indexes indicate that supply availability had generally been improving since early 2023, but over the past couple of months, improvement has stalled.”
  • “This trend is concerning since our May Supplemental Survey indicates that between a third and a half of businesses in the region are experiencing difficulties obtaining supplies, and many are reducing operations and raising prices to compensate, though to a lesser extent than a few years ago.”
  • See the actions taken by firms in light of these supply pressures and how it compares to 2021 in the chart below with a breakdown by goods and services:

Source: NY Fed