[from the Federal Reserve Bank of New York]
A new reading of the Global Supply Chain Pressure Index has been posted.
Estimates for March 2023
- Global supply chain pressures decreased again in March, falling from 0.28 to 1.06 standard deviations below the index’s historical average.
- There were significant downward contributions by many of the factors, with the largest negative contributions from European Area delivery times, European Area backlogs, and Taiwanese purchases.
- The GSCPI’s recent movements suggest that global supply chain conditions have largely normalized after experiencing temporary setbacks around the turn of the year.
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 AM ET on the fourth business day of each month.