Free Trial
OPTIONS

Larger FX Option Pipeline

PIPELINE

UAE 2Pt Size Set: $1.75B

STIR

Huge SOFR Conversion Spd

GLOBAL POLITICAL RISK

Xi Treads Line Between Russia And West AT BRICS Summit

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Supply Chain Pressures Took A Turn For The Worse In April: NY Fed

GLOBAL

The NY Fed's Global Supply Chain Pressure Index (GSCPI) (today launched as a monthly index) shows a resurgence in global supply chain disruptions in April, after easing between December 2021 and March 2022.

  • "the worsening of global supply chain pressures in April was predominantly driven by the Chinese “delivery times” component, the increase in airfreight costs from the United States to Asia, and the euro area “delivery times” component, as other components have eased over the month. These developments could be associated with the stringent COVID-19-related lockdown measures adopted in China, as well as the consequences of the Ukraine-Russia conflict for supply chains in Europe."
  • One potential upshot from this: core goods inflation has been cooling in the US, helping moderate the extreme upside pressure on overall CPI from surging services prices. Judging from the NY Fed's indicator, it's possible renewed supply chain issues will underpin that disinflationary impulse going forward.

Source: NY Fed


165 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The NY Fed's Global Supply Chain Pressure Index (GSCPI) (today launched as a monthly index) shows a resurgence in global supply chain disruptions in April, after easing between December 2021 and March 2022.

  • "the worsening of global supply chain pressures in April was predominantly driven by the Chinese “delivery times” component, the increase in airfreight costs from the United States to Asia, and the euro area “delivery times” component, as other components have eased over the month. These developments could be associated with the stringent COVID-19-related lockdown measures adopted in China, as well as the consequences of the Ukraine-Russia conflict for supply chains in Europe."
  • One potential upshot from this: core goods inflation has been cooling in the US, helping moderate the extreme upside pressure on overall CPI from surging services prices. Judging from the NY Fed's indicator, it's possible renewed supply chain issues will underpin that disinflationary impulse going forward.

Source: NY Fed