August 10, 2022
The US Federal Reserve’s (FED) New York Branch reported that pressure on global supply chains fell in July to the lowest level since January 2021.
- Global supply chain pressures declined in July, continuing the easing observed over the past two months.
- The July decline was uniform across most of the subcomponents of our index.
- The moves in the GSCPI from the beginning of 2022 suggest that although global supply chain pressures have been decreasing, they remain at historically high levels.
Source: US Federal Reserve’s (FED) New York
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