NY Fed reports rising supply chain pressures in March
Supply chain pressures in the United States increased in March, reaching levels not seen since early 2023, according to data released by the Federal Reserve Bank of New York.
The bank’s latest Global Supply Chain Pressure Index (GSCPI) rose to 0.68 in March, up from 0.54 in February. A reading of zero represents normal supply conditions, while positive values indicate mounting pressure on supply chains.
The New York Fed did not specify the exact causes of the increase, but analysts point to ongoing disruptions linked to the conflict in the Middle East as a likely factor. Despite the rise, the current level remains far below the peak of 4.49 recorded in December 2021, when pandemic-related disruptions heavily impacted the economy.
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