New York Fed says global supply chain pressure index hits 1.28, four‑month high
The New York Federal Reserve reported that its Global Supply Chain Pressure Index (GSCPI) rose to 1.28 in September. The index was up from an upwardly revised 1.20 in August, which itself had been raised from an initial reading of 1.06.
The GSCPI gauges global supply chain conditions by integrating transportation cost data and manufacturing indicators, and the New York Fed has published it since 1997. A reading of zero indicates the index is at its long‑term average, while positive values signal higher pressure and negative values signal lower pressure. The index reached a recent peak of 1.81 in May and an all‑time high of 4.43 in December 2021. In July, Reuters noted that supply chain pressures had started to ease after a four‑year high earlier in the year, attributing the earlier spike to the U.S.–Iran conflict disrupting trade through the Strait of Hormuz. The index is calculated as standard deviations from an average value, according to a graph included in the index. The last time the GSCPI had a negative value, or lower‑than‑average global supply chain pressure, was November 2025, with the current estimate for that month at -0.21.
In September, Bloomberg reported that the Port of Los Angeles blocked more than 120 million cyberattacks during August, with its cybersecurity team identifying intrusion, network exploitation, credential harvesting and malware attacks. The port is described as America’s busiest container hub for global trade.
What we know
The GSCPI rose to 1.28 in September.
The August GSCPI was upwardly revised to 1.20.
The August GSCPI was initially reported at 1.06.
The GSCPI hit a recent peak of 1.81 in May.
The GSCPI reached an all‑time high of 4.43 in December 2021.