Economics
New York Fed Warns of Worrisome New Pressure on Global Supply Chain
- New York Fed releases April update to its new logistics gauge
- Slower euro-area, Chinese delivery times affect April reading
This article is for subscribers only.
Global supply-chain pressures increased for the first time this year in April, with the potential for heightened geopolitical tensions to further stoke logistics bottlenecks over the near term, the Federal Reserve Bank of New York said.
The Global Supply Chain Pressure Index rose to 3.29 last month from 2.8 in March, the New York Fed said in a statement Wednesday. It peaked at 4.45 in December. The gauge 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 UK and the US.