New York Fed Index Shows Global Supply Chain Pressures May Have Peaked

The New York Federal Reserve released a new Index, The Global Supply Chain Pressure Index (GSCPI). The NY Fed concluded that global supply chain pressures may have peaked and might start to moderate somewhat going forward. The index uses 27 variables that are meant to capture factors that put pressure on the global supply chain, both domestically and internationally. GSCPI twenty-seven variables: The 27 variables include shipping rates and air freight costs between the United States, Asia and Europe. The … Continue reading “New York Fed Index Shows Global Supply Chain Pressures May Have Peaked”

Auto Makers Crushed By Supply Delays Hitting Production and Orders

Auto makers and parts makers experienced a steepening production decline in September with the sharpest drop in output since May of last year IHS Markit’s PMI surveys showed. Supply delays, which rose to unprecedented levels in September.

Stagflation Clouds British Economy Wracked By Lockdowns and Supply Constraints PMI Data Shows

The latest Flash PMI data for September from IHS Markit shows the fourth successive monthly slowing of business activity. At the same time goods and services inflation is rising at the fastest rate in at least 22 years. The Bank of England is rightly concerned on scaling back its pandemic stimulus.

Australia’s Manufacturing PMI Rose To 57.3 in September as Output and New Orders Returned to Growth

Australia’s Markit preliminary PMIs for September saw Manufacturing at 57.3 (prior 52.0) and Services off a 14-month low to 44.9 (prior 42.9) as continued lockdowns aimed to bring the COVID-19 situation under control dampened business conditions.

China’s Caixin Services PMI Shrinks For First Time Since April 2020

A private gauge of China’s Services activity in August fell to a post-Covid-19 low as heavy floods, a resurgence in Covid cases and power shortages in some cities weighed on China Caixin/Markit PMI Services for August falling to 46.7 (expected 52.6, prior 54.9)