NY Fed says supply chain pressures ticked up small amount in February

NEW YORK (Reuters) – Supply chain pressures picked up modestly last month, the Federal Reserve Bank of New York said in a report Wednesday.

The bank said its February Global Supply Chain Pressures Index rose to a reading of 0.1 for last month, from a revised -0.23 reading in January. It was the first positive reading since January 2023.

(Reporting by Michael S. Derby)