Stress on global supply chains eased in July to its lowest level since January 2021, with relief from port congestion and other bottlenecks, the New York Federal Reserve said Thursday in its latest update. a worldwide index that tracks supply problems.
It was the third straight month of declines, an encouraging sign for Federal Reserve officials who want supply chain tensions to ease to help control inflation, which is at its highest level in four decades in the world’s biggest economy. .
The regional bank’s Global Supply Chain Pressure Index incorporates data on shipping costs, delivery times, delays and other statistics into a single measure, compared to historical norms.
The index is down more than 50% from a record high last December, but still remains well above levels seen just before the start of the Covid-19 pandemic.
Source: CNN Brasil
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