Global Supply-Chain Pressure

The New York Fed's Global Supply Chain Pressure Index, relative to its historical average.

+1.26

standard deviations from the historical average

Reported by the New York Fed

Above average, easing

Down from +1.36 in September

Oct 2026

"Above average, easing" is Blackest Swan's plain-words reading of the reported figure: within 0.25 of zero counts as near average, and a monthly move under 0.05 counts as steady.

Historical trend

Global Supply Chain Pressure Index, monthly, in standard deviations

Reference points

Zero is the historical average. Each unit is one standard deviation, so a reading of +1 is unusual and +3 or more is extreme.
Point	Month	Index
Latest	Oct 2026	+1.26
One year earlier	Oct 2025	−0.08
Five years earlier	Oct 2021	+3.93
Record high	Dec 2021	+4.43
Record low	May 2023	−1.56

What this measures

The index combines transportation costs with manufacturing indicators such as delivery times and backlogs. Zero is the historical average; positive values mean more pressure than usual. It measures observed pressure in supply chains, not every underlying vulnerability.

Sources and schedule

Federal Reserve Bank of New York — Global Supply Chain Pressure Index

Monthly, on the fourth business day.

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