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Global supply chain pressures declined in March, continuing the easing observed over the past year, suggesting global supply chains have normalized after the pandemic, according to the most recent reading from the New York Fed's global supply chain pressure index.
The New York Fed said there were significant downward contributions by many of the factors in March, with the largest negative contributions from European Area delivery times, European Area backlogs, and Taiwanese purchases.
Source: New York Fed
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
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.
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