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Supply Chains: Difference between revisions
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* Global supply chain pressures decreased again in April, falling to 1.32 standard deviations below the index’s historical average. The March value was revised downward from 1.06 to 1.15 standard deviations below the index’s historical average.<ref>https://www.newyorkfed.org/research/policy/gscpi#/interactive</ref> | * Global supply chain pressures decreased again in April, falling to 1.32 standard deviations below the index’s historical average. The March value was revised downward from 1.06 to 1.15 standard deviations below the index’s historical average.<ref>https://www.newyorkfed.org/research/policy/gscpi#/interactive</ref> | ||
* There were significant downward contributions from Euro Area delivery times, Euro Area stocks of purchases, and Korean delivery times. While the overall index declined, there was a notable upward contribution from Taiwan stocks of purchases | * There were significant downward contributions from Euro Area delivery times, Euro Area stocks of purchases, and Korean delivery times. While the overall index declined, there was a notable upward contribution from Taiwan stocks of purchases | ||
=== May 2023 === | |||
* The GSCPI decreased again in May, falling to -1.71 from -1.35; the April value was revised downward from -1.32. GSCPI readings measure standard deviations from the index’s historical avera | |||
* There were significant downward contributions from Great Britain backlogs and Taiwan delivery times. Euro Area delivery times and backlogs exhibited the largest sources of upward pressure in May. | |||
== References == | == References == | ||