The Federal Reserve Bank of New York has announced the launch of new monthly Supply Availability Indexes (SAIs). In the press release discussing the new indexes, they write:
On Monday, May 20, at 8:30 AM, the Federal Reserve Bank of New York will introduce new Supply Availability Indexes (SAIs) as a part of its monthly regional business surveys. SAIs are a new measure of supply availability from the Empire State Manufacturing Survey and the Business Leaders Survey that closely tracks the New York Fed’s Global Supply Chain Pressure Index (GSCPI).
Understanding and measuring supply chain disruptions are important for understanding inflationary pressures in the economy. The SAIs present a new gauge to measure how widespread supply disruptions are, understand if availability is improving, and track inflationary pressures and the impact on local firms. Together with the GSCPI, the SAIs can also be used to compare trends in the U.S to international supply availability.
The SAIs will be introduced through a Liberty Street Economics blog post on Monday, May 20. Starting in June, the SAIs will be included as an indicator in the regular publications of the Empire State Manufacturing Survey and Business Leaders Survey.
Read more here.
