(MENAFN) The Federal Reserve Bank of New York released the publication of a new research product of every month pointed at aiding the intensity of international supply chain disturbances.
The Global Supply Chain Pressure Index (GSCPI), a monitor of international supply chain pressures, is going to be renewed regularly at 10 AM ET on the fourth business day monthly. The GSCPI can be hired to observe the vitality of supply restraints upon with financial situations and the way these restraints will change.
Jan Groen, finance research analyst at the New York Fed’s Monetary Policy Research Division, stated, "The GSCPI is an important product because everyone across the global economy has been impacted by factory shutdowns, mobility restrictions, and widespread lockdowns during the COVID-19 pandemic."
Adding, "Our index provides one bird’s-eye view of potential disruptions as well as regional indicators for analyzing trade, inflation, and globalization trends across the US, China, Japan, the Euro-area, South Korea, Taiwan, and the UK.”
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