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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.
US DATA
MNI (London)
The Chicago Business Barometer™ Survey asked firms in April whether they were seeing any easing up in the supply chain blockages.
- 70.6% of respondents were: The majority (approx. 47.1%) responded yes - this was the largest share since the Chicago Survey began asking this question in November 2021.
- A further 29.4% of firms were somewhat seeing easing up as reduced demand led to shorter lead times.
- The minority of 23.5% failed to see easing up in the supply chain blockages, with firms citing smaller suppliers were experiencing financial issues recently and Tier 2 shortages continued, including for semiconductors.
- In April, the Chicago PMI™ Supplier Deliveries index was lower than both the 12-month average and 10-year average, with only 9.7% of respondents citing slower delivery times (versus a peak of 75.8% in August).
- Easing supply pressures were reiterated by the NY Fed Global Supply Chain Pressure Index, which dipped beneath it's historical averages dating back to 1997 in the March calculation.
- As such, the data points towards global supply conditions having largely normalized. Soft demand is in part responsible for reduced bottlenecks, with factory-gate inflation easing off further as firms move excess supply.
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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