As we have other issues in business and the economy, it looks like Supply chain is loosening up. So that should be one bright spot.
Economic data points keep telling us that supply chains are loosening up — take the latest edition of a New York Fed index that came out yesterday, Axios’ Kate Marino writes.
The big picture: Using measures like PMI surveys, and shipping and air freightcosts, the New York Fed’s Global Supply Chain Pressure Index says pandemic-era bottlenecks have eased to just a fraction of what they were late last year.
An index created by RSM said so as well, as of August.
What’s next: When Q3 earnings season kicks off in a few weeks, we’ll hear from a slew of the large companies that rely on these transport networks. Executives will tell us how these conditions are actually playing out on the ground — and in the water and air. Importantly, easing supply shortages could eventually help take some pressure off our red-hot inflation.Axios Markets By Emily Peck and Matt Phillips · Oct 07, 2022