New Global Supply Gauge Signals Some Relief Might Be Ahead

A new gauge of global supply-chain disruptions developed by the Federal Reserve Bank of New York shows how these pressures are at the highest level since at least 1997, but are exhibiting signs of peaking and “might start to moderate somewhat going forward.”

The new Global Supply Chain Pressure Index — developed by New York Fed researchers Gianluca Benigno, Julian di Giovanni, Jan J. J. Groen, and Adam I. Noble — brings together 27 variables that take the temperature of everything from cross-border transportation costs to country-level manufacturing data in the euro area, China, Japan, South Korea, Taiwan, the U.K. and the U.S.