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* 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 average. | * 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 average. | ||
* 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.<ref name=":0" /> | * 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.<ref name=":0" /> | ||
=== June 2023 === | |||
* The GSCPI in June rose to -1.2 from a revised value of -1.56 in May; the previous release (unrevised) for May had been reported at -1.71. GSCPI readings measure standard deviations from the index’s historical average. | |||
* There were significant upward contributions from Great Britain and Euro Area backlogs as well as United States and Taiwan delivery times. | |||
* Looking at the underlying data, the readings for Great Britain backlogs (the largest contributor to the upward move in the GSCPI this month) are above their historical average for the first time since February. | |||
== References == | == References == | ||