A bunch of charts showing how supply chains have improved⛓

But is supply improving or demand deteriorating? ⚖️

(Source: Getty)

Supply chains have improved considerably in recent months.

The New York Fed’s Global Supply Chain Pressure Index¹ — a composite of various supply chain indicators — fell in July to its lowest level since February 2021, meaning supply chains are easing.

The Global Supply Chain Pressure Index. (Source: NY Fed)

One of the most intuitive measures of supply chain health is supplier delivery times, which hit their longest points on record last fall.