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Kansas Fed Supplier Delivery Times Hit Series Lows

US DATA
  • Hiding within a broadly as expected Kansas Fed manufacturing survey (-6 after -7, -8 expected) lay another sharp improvement in supply chain pressures.
  • "The current and expected supplier delivery time indexes reached their lowest level in survey history", starting July 2001.
  • The series comparing with a month-ago fell from -1 to -12 whilst the six-month ahead series fell from -4 to -19, marks a particularly sharp improvement in supply chains, more so than in the broader GSCPI measure from the NY Fed [see chart], which has nicely tracked the deceleration in core goods inflation.


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