Key insights
- The NY Fed's Global Supply Chain Pressure Index rose to 0.68 in March, the highest level since early 2023, signaling increased supply chain pressures. While significantly below peak COVID-era levels, this uptick suggests potential inflationary pressures and could weigh on corporate earnings, presenting a slightly bearish signal for US equities.
Investing.com -- Supply chain pressures increased in March to levels last seen at the start of 2023, according to data released Monday by the Federal Reserve Bank of New York.
The Global Supply Chain Pressure Index rose to 0.68 in March, up from 0.54 in February. A reading of zero indicates normal levels of supply pressures, while a positive number denotes mounting pressure.
The latest reading remains well below the 4.49 reading seen in December 2021, when COVID-19 related pressures were affecting the economy.
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