[from the Federal Reserve Bank of New York, Applied Macroeconomics and Econometrics Center]
A new reading of the Global Supply Chain Pressure Index has been posted.
The GSCPI compiles more than two dozen metrics across seven economies—data on global transportation costs and regional manufacturing conditions—to track shifts in supply chain pressures from 1997 to the present.
The GSCPI is updated regularly at 10:00am ET on the fourth business day of each month.
Estimates for June 2022
- Global supply chain pressures declined in June, continuing the decrease we observed for May.
- The June decline was mostly due to a large decrease in Chinese supply delivery times.
- The moves in the GSCPI over the past three months suggest that although global supply chain pressures have been decreasing, they remain at historically high levels.
The GSCPI is a product of the Federal Reserve Bank of New York’s Applied Macroeconomics and Econometrics Center.