Accessible Version

Accessible Version

Figure 1. Headline Inflation for Selected Countries

12-month percent change

Date Canada Euro area United Kingdom United States
Jan 2015 0.97 -0.56 0.31 -0.1
Feb 2015 0.96 -0.24 0.08 0
Mar 2015 1.28 0 0.03 -0.1
Apr 2015 0.64 0.23 -0.09 -0.2
May 2015 0.96 0.58 0.14 0
Jun 2015 1.12 0.46 -0.06 0.1
Jul 2015 1.36 0.48 0.11 0.2
Aug 2015 1.27 0.39 -0.04 0.2
Sep 2015 1.03 0.18 -0.14 0
Oct 2015 1.03 0.36 -0.11 0.2
Nov 2015 1.27 0.16 0.09 0.5
Dec 2015 1.51 0.29 0.2 0.7
Jan 2016 1.92 0.35 0.31 1.4
Feb 2016 1.43 -0.08 0.31 1
Mar 2016 1.27 0.03 0.51 0.9
Apr 2016 1.67 -0.26 0.31 1.1
May 2016 1.58 -0.15 0.31 1
Jun 2016 1.42 0.02 0.46 1
Jul 2016 1.1 0.12 0.53 0.8
Aug 2016 1.18 0.17 0.59 1.1
Sep 2016 1.42 0.41 0.95 1.5
Oct 2016 1.49 0.5 0.94 1.6
Nov 2016 1.26 0.61 1.15 1.7
Dec 2016 1.49 1.13 1.57 2.1
Jan 2017 2.04 1.73 1.81 2.5
Feb 2017 2.04 1.97 2.3 2.7
Mar 2017 1.57 1.57 2.34 2.4
Apr 2017 1.72 1.89 2.73 2.2
May 2017 1.25 1.36 2.89 1.9
Jun 2017 1.01 1.27 2.64 1.6
Jul 2017 1.25 1.29 2.61 1.7
Aug 2017 1.4 1.53 2.84 1.9
Sep 2017 1.48 1.59 2.94 2.2
Oct 2017 1.39 1.38 3.02 2
Nov 2017 2.17 1.57 3.08 2.2
Dec 2017 1.93 1.38 3 2.1
Jan 2018 1.69 1.28 2.97 2.1
Feb 2018 2.08 1.07 2.7 2.2
Mar 2018 2.31 1.42 2.48 2.4
Apr 2018 2.08 1.19 2.4 2.5
May 2018 2.31 1.95 2.42 2.8
Jun 2018 2.46 1.95 2.45 2.9
Jul 2018 2.77 2.17 2.46 2.9
Aug 2018 2.68 2.08 2.65 2.7
Sep 2018 2.37 2.14 2.41 2.3
Oct 2018 2.52 2.34 2.39 2.5
Nov 2018 1.75 1.95 2.29 2.2
Dec 2018 1.9 1.54 2.13 1.9
Jan 2019 1.51 1.35 1.83 1.6
Feb 2019 1.58 1.43 1.87 1.5
Mar 2019 1.88 1.39 1.93 1.9
Apr 2019 2.11 1.69 2.13 2
May 2019 2.33 1.22 2.02 1.8
Jun 2019 2.1 1.25 1.99 1.6
Jul 2019 2.02 1.01 2.04 1.8
Aug 2019 1.87 1.03 1.74 1.7
Sep 2019 1.87 0.91 1.72 1.7
Oct 2019 1.86 0.76 1.43 1.8
Nov 2019 2.09 0.98 1.46 2.1
Dec 2019 2.23 1.34 1.33 2.3
Jan 2020 2.23 1.32 1.76 2.5
Feb 2020 2.08 1.16 1.73 2.3
Mar 2020 0.81 0.72 1.55 1.5
Apr 2020 0 0.27 0.77 0.3
May 2020 -0.22 0.08 0.47 0.1
Jun 2020 0.66 0.26 0.58 0.6
Jul 2020 0.22 0.4 1.01 1
Aug 2020 0.29 -0.14 0.24 1.3
Sep 2020 0.59 -0.23 0.55 1.4
Oct 2020 0.58 -0.24 0.66 1.2
Nov 2020 0.88 -0.28 0.3 1.2
Dec 2020 0.66 -0.26 0.62 1.4
Jan 2021 1.02 0.88 0.71 1.4
Feb 2021 1.09 0.89 0.43 1.7
Mar 2021 2.2 1.3 0.72 2.6
Apr 2021 3.32 1.59 1.54 4.2
May 2021 3.61 1.98 2.12 5
Jun 2021 3.07 1.89 2.48 5.4
Jul 2021 3.66 2.17 2 5.4
Aug 2021 4.17 2.98 3.23 5.3
Sep 2021 4.38 3.44 3.09 5.4
Oct 2021 4.66 4.06 4.17 6.2
Nov 2021 4.71 4.88 5.13 6.8
Dec 2021 4.85 4.96 5.41 7
Jan 2022 5.12 5.09 5.46 7.5
Feb 2022 5.68 5.84 6.18 7.9
Mar 2022 6.53 7.43 7.02 8.5
Apr 2022 6.85 7.42 9.02 8.3
May 2022 7.61 8.06 9.09 8.6
Jun 2022 7.87 8.64 9.39 9.1
Jul 2022 7.48 8.87 10.08 8.5
Aug 2022 6.95 9.15 9.89 8.3
Sep 2022 6.92 9.96 10.1 8.2
Oct 2022 6.95 10.64 11.03 7.7

Note: Data go through October 2022.

Source: Haver Analytics.

Figure 2. Real Private Domestic Final Purchases

Billions of dollars

Date Real Private Domestic Final Purchases 2014-19 trend
2016 Q1 15100.39 15092.08
2016 Q2 15178.01 15198.24
2016 Q3 15276.48 15304.4
2016 Q4 15359.62 15410.57
2017 Q1 15487.21 15516.73
2017 Q2 15567.29 15622.89
2017 Q3 15658.28 15729.06
2017 Q4 15861.55 15835.22
2018 Q1 15987.57 15941.39
2018 Q2 16129.28 16047.55
2018 Q3 16223.78 16153.71
2018 Q4 16287.74 16259.88
2019 Q1 16307.05 16366.04
2019 Q2 16441.25 16472.2
2019 Q3 16585.62 16578.37
2019 Q4 16651.14 16684.53
2020 Q1 16416.03 16790.69
2020 Q2 14938.18 16896.86
2020 Q3 16249.52 17003.02
2020 Q4 16505.66 17109.18
2021 Q1 16926.83 17215.35
2021 Q2 17364.25 17321.51
2021 Q3 17455.31 17427.67
2021 Q4 17567.41 17533.84
2022 Q1 17656.97 17640
2022 Q2 17680.52 17746.16
2022 Q3 17684.06 17852.33

Note: Data go through 2022:Q3.

Source: Bureau of Economic Analysis.

Figure 3. Real Personal Consumption Expenditures

Index

Date Goods Services Goods, 2014-19 trend Services, 2014-19 trend
Jul 2018 95.23 97.34 94.7 97.01
Aug 2018 95.51 97.6 94.97 97.17
Sep 2018 95.39 97.47 95.25 97.32
Oct 2018 95.9 97.83 95.53 97.48
Nov 2018 97.26 97.79 95.81 97.64
Dec 2018 95.29 97.57 96.09 97.8
Jan 2019 95.93 97.68 96.37 97.95
Feb 2019 95.69 97.82 96.65 98.11
Mar 2019 96.79 98.12 96.93 98.27
Apr 2019 96.9 98.02 97.21 98.43
May 2019 97.44 98.17 97.49 98.58
Jun 2019 97.94 98.38 97.77 98.74
Jul 2019 98.78 98.51 98.05 98.9
Aug 2019 98.84 98.81 98.32 99.06
Sep 2019 98.8 98.97 98.6 99.21
Oct 2019 98.8 99.11 98.88 99.37
Nov 2019 99.42 99.36 99.16 99.53
Dec 2019 100.28 99.37 99.44 99.69
Jan 2020 99.54 99.82 99.72 99.84
Feb 2020 100 100 100 100
Mar 2020 98.95 91.19 100.28 100.16
Apr 2020 86.08 80.67 100.56 100.31
May 2020 98.98 85.14 100.84 100.47
Jun 2020 105.07 89.89 101.12 100.63
Jul 2020 107.74 91.15 101.4 100.79
Aug 2020 106.93 92.28 101.68 100.94
Sep 2020 109.16 93.27 101.95 101.1
Oct 2020 108.87 93.76 102.23 101.26
Nov 2020 108.02 93.49 102.51 101.42
Dec 2020 107.2 93.34 102.79 101.57
Jan 2021 112.32 94.02 103.07 101.73
Feb 2021 109.85 93.78 103.35 101.89
Mar 2021 120.69 95.54 103.63 102.05
Apr 2021 118.92 96.42 103.91 102.2
May 2021 116.74 97.15 104.19 102.36
Jun 2021 116.78 98.11 104.47 102.52
Jul 2021 114.94 98.89 104.75 102.68
Aug 2021 114.81 99.45 105.03 102.83
Sep 2021 115.49 99.82 105.3 102.99
Oct 2021 116.84 100.25 105.58 103.15
Nov 2021 116.41 100.28 105.86 103.31
Dec 2021 114 100.22 106.14 103.46
Jan 2022 116.74 100.04 106.42 103.62
Feb 2022 115.32 100.87 106.7 103.78
Mar 2022 115.12 101.41 106.98 103.94
Apr 2022 115.31 101.57 107.26 104.09
May 2022 114.68 101.97 107.54 104.25
Jun 2022 114.94 102.17 107.82 104.41
Jul 2022 114.52 102.2 108.1 104.57
Aug 2022 114.47 102.68 108.38 104.72
Sep 2022 114.93 102.95 108.65 104.88

Note: Data go through September 2022.

Source: Bureau of Economic Analysis.

Figure 4. PCE Monthly Inflation Less Food and Energy
Date Percent change
Jan 2015 -0.02
Feb 2015 0.1
Mar 2015 0.15
Apr 2015 0.17
May 2015 0.12
Jun 2015 0.12
Jul 2015 0.09
Aug 2015 0.07
Sep 2015 0.13
Oct 2015 0.01
Nov 2015 0.11
Dec 2015 0.07
Jan 2016 0.19
Feb 2016 0.16
Mar 2016 0.14
Apr 2016 0.25
May 2016 0.15
Jun 2016 0.12
Jul 2016 0.17
Aug 2016 0.19
Sep 2016 0.12
Oct 2016 0.15
Nov 2016 0.05
Dec 2016 0.13
Jan 2017 0.26
Feb 2017 0.19
Mar 2017 -0.05
Apr 2017 0.24
May 2017 0.09
Jun 2017 0.15
Jul 2017 0.06
Aug 2017 0.12
Sep 2017 0.13
Oct 2017 0.26
Nov 2017 0.08
Dec 2017 0.15
Jan 2018 0.31
Feb 2018 0.21
Mar 2018 0.23
Apr 2018 0.17
May 2018 0.19
Jun 2018 0.11
Jul 2018 0.13
Aug 2018 0.02
Sep 2018 0.21
Oct 2018 0.14
Nov 2018 0.19
Dec 2018 0.16
Jan 2019 0.11
Feb 2019 0.07
Mar 2019 0.13
Apr 2019 0.27
May 2019 0.11
Jun 2019 0.2
Jul 2019 0.14
Aug 2019 0.1
Sep 2019 0.06
Oct 2019 0.14
Nov 2019 0.02
Dec 2019 0.22
Jan 2020 0.21
Feb 2020 0.18
Mar 2020 -0.06
Apr 2020 -0.42
May 2020 0.13
Jun 2020 0.21
Jul 2020 0.33
Aug 2020 0.31
Sep 2020 0.17
Oct 2020 0.03
Nov 2020 0.03
Dec 2020 0.33
Jan 2021 0.31
Feb 2021 0.17
Mar 2021 0.42
Apr 2021 0.63
May 2021 0.52
Jun 2021 0.48
Jul 2021 0.39
Aug 2021 0.33
Sep 2021 0.21
Oct 2021 0.41
Nov 2021 0.52
Dec 2021 0.54
Jan 2022 0.47
Feb 2022 0.37
Mar 2022 0.37
Apr 2022 0.31
May 2022 0.38
Jun 2022 0.63
Jul 2022 0.05
Aug 2022 0.54
Sep 2022 0.45

Note: Data go through September 2022. PCE is personal consumption expenditures.

Source: Bureau of Economic Analysis.

Figure 5. Diffusion Index of FOMC Participants' Uncertainty Assessments for GDP Growth
Date Index
2007 Q4 0.76
2008 Q1 0.88
2008 Q2 0.82
2008 Q3 0.76
2008 Q4 1
2009 Q1 1
2009 Q2 1
2009 Q3 0.94
2009 Q4 0.94
2010 Q1 0.82
2010 Q2 0.71
2010 Q3 0.82
2010 Q4 0.89
2011 Q1 0.72
2011 Q2 0.59
2011 Q3 0.76
2011 Q4 0.94
2012 Q1 0.94
2012 Q2 0.76
2012 Q3 0.95
2012 Q4 0.89
2013 Q1 0.95
2013 Q2 0.63
2013 Q3 0.37
2013 Q4 0.24
2014 Q1 0.18
2014 Q2 0.12
2014 Q3 0.19
2014 Q4 0.24
2015 Q1 0.06
2015 Q2 0.12
2015 Q3 0.18
2015 Q4 0.12
2016 Q1 0.12
2016 Q2 0
2016 Q3 0.18
2016 Q4 0
2017 Q1 0.35
2017 Q2 0.29
2017 Q3 0.12
2017 Q4 0.12
2018 Q1 0.12
2018 Q2 0.07
2018 Q3 0.07
2018 Q4 0.12
2019 Q1 0.18
2019 Q2 0.18
2019 Q3 0.35
2019 Q4 0.35
2020 Q1 0.24
2020 Q2 1
2020 Q3 1
2020 Q4 0.94
2021 Q1 0.83
2021 Q2 0.83
2021 Q3 0.94
2021 Q4 0.94
2022 Q1 0.94
2022 Q2 1
2022 Q3 1

Note: Data go through 2022:Q3. FOMC is Federal Open Market Committee; GDP is gross domestic product.

Source: Federal Reserve Board.

Figure 6. Expected Price Change, Next 5 to 10 Years

Percent

Date Median Upper quartile Lower quartile
Jan 2012 2.7 4.3 1.5
Feb 2012 2.9 4.8 1.6
Mar 2012 3 4.8 1.7
Apr 2012 2.9 4.7 1.5
May 2012 2.7 4.5 1.3
Jun 2012 2.8 4.6 1.5
Jul 2012 2.7 4.5 1.3
Aug 2012 3 4.7 1.6
Sep 2012 2.8 4.2 1.6
Oct 2012 2.7 4.4 1.2
Nov 2012 2.8 4.6 1.6
Dec 2012 2.9 4.6 1.5
Jan 2013 2.9 4.8 1.6
Feb 2013 3 4.9 1.6
Mar 2013 2.8 4.6 1.5
Apr 2013 2.9 4.8 1.5
May 2013 2.9 4.7 1.6
Jun 2013 2.9 4.8 1.5
Jul 2013 2.8 4.2 1.6
Aug 2013 2.9 4.7 1.4
Sep 2013 3 4.9 1.7
Oct 2013 2.8 4.7 1.4
Nov 2013 2.9 4.6 1.5
Dec 2013 2.7 4.3 1.5
Jan 2014 2.9 4.4 1.6
Feb 2014 2.9 4.8 1.6
Mar 2014 2.9 4.3 1.7
Apr 2014 2.9 4.8 1.6
May 2014 2.8 4.6 1.6
Jun 2014 2.9 4.5 1.7
Jul 2014 2.7 4.5 1.6
Aug 2014 2.9 4.2 1.5
Sep 2014 2.8 4.7 1.5
Oct 2014 2.8 4.2 1.7
Nov 2014 2.6 3.9 1.4
Dec 2014 2.8 4.2 1.6
Jan 2015 2.8 4 1.6
Feb 2015 2.7 4.3 1.5
Mar 2015 2.8 4.2 1.7
Apr 2015 2.6 3.9 1.5
May 2015 2.8 4.6 1.3
Jun 2015 2.6 3.9 1.5
Jul 2015 2.8 4.3 1.6
Aug 2015 2.7 4.1 1.5
Sep 2015 2.7 4.1 1.4
Oct 2015 2.5 3.8 1.2
Nov 2015 2.6 3.5 1.5
Dec 2015 2.6 4.1 1.4
Jan 2016 2.7 4.3 1.5
Feb 2016 2.5 3.9 1.3
Mar 2016 2.7 4.1 1.3
Apr 2016 2.5 3.6 1.3
May 2016 2.5 3.5 1.3
Jun 2016 2.6 3.5 1.3
Jul 2016 2.6 4 1.4
Aug 2016 2.5 3.6 1.4
Sep 2016 2.6 3.5 1.3
Oct 2016 2.4 3.8 1.2
Nov 2016 2.6 3.8 1.4
Dec 2016 2.3 3.5 1.1
Jan 2017 2.6 3.7 1.2
Feb 2017 2.5 3.5 1.3
Mar 2017 2.4 3.5 1.2
Apr 2017 2.4 3.4 1.2
May 2017 2.4 3.5 1.3
Jun 2017 2.5 3.7 1.2
Jul 2017 2.6 3.4 1.2
Aug 2017 2.5 3.4 1.3
Sep 2017 2.5 3.8 1.3
Oct 2017 2.5 3.4 1.3
Nov 2017 2.4 3.3 1.3
Dec 2017 2.4 3.5 1.4
Jan 2018 2.5 3.4 1.3
Feb 2018 2.5 3.5 1.2
Mar 2018 2.5 3.6 1.3
Apr 2018 2.5 3.6 1.3
May 2018 2.5 3.5 1.4
Jun 2018 2.6 3.9 1.3
Jul 2018 2.4 3.5 1.3
Aug 2018 2.6 4 1.4
Sep 2018 2.5 3.5 1.3
Oct 2018 2.4 3.4 1.3
Nov 2018 2.6 3.5 1.3
Dec 2018 2.5 3.4 1.3
Jan 2019 2.6 3.5 1.4
Feb 2019 2.3 3.4 1.3
Mar 2019 2.5 3.4 1.4
Apr 2019 2.3 3.4 1.3
May 2019 2.6 3.6 1.4
Jun 2019 2.3 3.4 1.2
Jul 2019 2.5 3.6 1.3
Aug 2019 2.6 3.5 1.3
Sep 2019 2.4 3.5 1.3
Oct 2019 2.3 3.3 1.1
Nov 2019 2.5 3.6 1.3
Dec 2019 2.2 3.3 1.2
Jan 2020 2.5 3.4 1.4
Feb 2020 2.3 3.4 1.3
Mar 2020 2.3 3.3 1.2
Apr 2020 2.5 3.8 1.2
May 2020 2.7 3.9 1.4
Jun 2020 2.5 3.5 1.3
Jul 2020 2.6 3.7 1.4
Aug 2020 2.7 4.1 1.4
Sep 2020 2.7 4 1.4
Oct 2020 2.4 3.3 1.2
Nov 2020 2.5 3.5 1.4
Dec 2020 2.5 3.6 1.4
Jan 2021 2.7 4 1.5
Feb 2021 2.7 4.5 1.4
Mar 2021 2.8 4.6 1.5
Apr 2021 2.7 4.5 1.4
May 2021 3 4.8 1.7
Jun 2021 2.8 4.7 1.5
Jul 2021 2.8 4.8 1.4
Aug 2021 2.9 4.9 1.6
Sep 2021 3 4.9 1.5
Oct 2021 2.9 4.9 1.4
Nov 2021 3 5 1.6
Dec 2021 2.9 4.9 1.4
Jan 2022 3.1 5 1.7
Feb 2022 3 4.9 1.4
Mar 2022 3 5 1.4
Apr 2022 3 5.1 0.8
May 2022 3 5.2 1.2
Jun 2022 3.1 5.2 0.8
Jul 2022 2.9 5 0.3
Aug 2022 2.9 4.8 1
Sep 2022 2.7 5 0.6
Oct 2022 2.9 4.9 0.8
Nov 2022 3 5.1 0.8

Note: Data go through November 2022.

Source: University of Michigan Surveys of Consumers.

Figure 7. Global Supply Chain Pressures Index
Date Standard deviation from average value
Sep 1997 -0.43
Oct 1997 -0.24
Nov 1997 -0.55
Dec 1997 -0.83
Jan 1998 -0.92
Feb 1998 -0.46
Mar 1998 -0.11
Apr 1998 -0.15
May 1998 -0.5
Jun 1998 -0.8
Jul 1998 -0.94
Aug 1998 -0.95
Sep 1998 -0.96
Oct 1998 -0.82
Nov 1998 -0.89
Dec 1998 -0.67
Jan 1999 -0.33
Feb 1999 -0.1
Mar 1999 -0.35
Apr 1999 -0.36
May 1999 -0.39
Jun 1999 -0.42
Jul 1999 -0.61
Aug 1999 -0.49
Sep 1999 -0.33
Oct 1999 -0.11
Nov 1999 -0.09
Dec 1999 -0.04
Jan 2000 -0.48
Feb 2000 -0.31
Mar 2000 -0.25
Apr 2000 0.1
May 2000 0.19
Jun 2000 -0.09
Jul 2000 -0.11
Aug 2000 -0.08
Sep 2000 -0.2
Oct 2000 -0.65
Nov 2000 -0.91
Dec 2000 -1.1
Jan 2001 -1.12
Feb 2001 -0.95
Mar 2001 -0.95
Apr 2001 -1.19
May 2001 -1.28
Jun 2001 -0.84
Jul 2001 -0.86
Aug 2001 -0.75
Sep 2001 -0.68
Oct 2001 -1.15
Nov 2001 -1.23
Dec 2001 -1.03
Jan 2002 -0.87
Feb 2002 -0.4
Mar 2002 -0.43
Apr 2002 -0.48
May 2002 -0.27
Jun 2002 -0.49
Jul 2002 -0.87
Aug 2002 -0.96
Sep 2002 -0.95
Oct 2002 -1.12
Nov 2002 -0.79
Dec 2002 -0.59
Jan 2003 -0.51
Feb 2003 -0.4
Mar 2003 -0.27
Apr 2003 -0.52
May 2003 -0.25
Jun 2003 -0.23
Jul 2003 -0.14
Aug 2003 -0.18
Sep 2003 -0.09
Oct 2003 -0.34
Nov 2003 -0.33
Dec 2003 -0.27
Jan 2004 -0.38
Feb 2004 -0.27
Mar 2004 0.08
Apr 2004 0.48
May 2004 0.49
Jun 2004 0.42
Jul 2004 -0.37
Aug 2004 0.18
Sep 2004 -0.06
Oct 2004 -0.61
Nov 2004 -0.06
Dec 2004 0.12
Jan 2005 -0.16
Feb 2005 -0.28
Mar 2005 -0.36
Apr 2005 -1.4
May 2005 -1.12
Jun 2005 -0.95
Jul 2005 -0.98
Aug 2005 -0.73
Sep 2005 -0.03
Oct 2005 -0.05
Nov 2005 -0.62
Dec 2005 -0.66
Jan 2006 -0.38
Feb 2006 -0.64
Mar 2006 -0.41
Apr 2006 0.05
May 2006 0.07
Jun 2006 0.11
Jul 2006 -0.13
Aug 2006 0.09
Sep 2006 -0.53
Oct 2006 -0.39
Nov 2006 -0.19
Dec 2006 -0.43
Jan 2007 -0.8
Feb 2007 -0.7
Mar 2007 -0.5
Apr 2007 -0.75
May 2007 -0.29
Jun 2007 -0.36
Jul 2007 -0.4
Aug 2007 -0.06
Sep 2007 -0.1
Oct 2007 -0.67
Nov 2007 -0.49
Dec 2007 -0.18
Jan 2008 -0.38
Feb 2008 0.35
Mar 2008 0.12
Apr 2008 0.09
May 2008 -0.12
Jun 2008 0.19
Jul 2008 0.91
Aug 2008 0.22
Sep 2008 -0.59
Oct 2008 -1.03
Nov 2008 -1.6
Dec 2008 -0.79
Jan 2009 -0.56
Feb 2009 -0.62
Mar 2009 -0.04
Apr 2009 0.59
May 2009 0.13
Jun 2009 -0.66
Jul 2009 -0.87
Aug 2009 -1.19
Sep 2009 -0.54
Oct 2009 -0.49
Nov 2009 -0.78
Dec 2009 -0.63
Jan 2010 -0.27
Feb 2010 -0.11
Mar 2010 0.4
Apr 2010 0.28
May 2010 0.43
Jun 2010 -0.01
Jul 2010 0.01
Aug 2010 0.33
Sep 2010 0.35
Oct 2010 0.66
Nov 2010 0.42
Dec 2010 0.71
Jan 2011 0.8
Feb 2011 0.38
Mar 2011 0.71
Apr 2011 1.51
May 2011 0.92
Jun 2011 0.19
Jul 2011 0.22
Aug 2011 -0.11
Sep 2011 -0.57
Oct 2011 -0.4
Nov 2011 0.09
Dec 2011 -0.08
Jan 2012 0.32
Feb 2012 -0.05
Mar 2012 -0.38
Apr 2012 -0.32
May 2012 -0.72
Jun 2012 -0.69
Jul 2012 -0.73
Aug 2012 -0.17
Sep 2012 -0.28
Oct 2012 -0.04
Nov 2012 -0.39
Dec 2012 -0.18
Jan 2013 -0.05
Feb 2013 -0.39
Mar 2013 -0.54
Apr 2013 -0.73
May 2013 -0.83
Jun 2013 -0.63
Jul 2013 -0.66
Aug 2013 -0.55
Sep 2013 -0.3
Oct 2013 -0.18
Nov 2013 -0.65
Dec 2013 -0.46
Jan 2014 -0.59
Feb 2014 -0.25
Mar 2014 -0.57
Apr 2014 -0.82
May 2014 -0.8
Jun 2014 -0.64
Jul 2014 -0.79
Aug 2014 -0.62
Sep 2014 -0.78
Oct 2014 -0.56
Nov 2014 -0.91
Dec 2014 -0.37
Jan 2015 -0.53
Feb 2015 -0.29
Mar 2015 -0.38
Apr 2015 -0.31
May 2015 -0.52
Jun 2015 -0.82
Jul 2015 -0.38
Aug 2015 -0.65
Sep 2015 -0.42
Oct 2015 -0.25
Nov 2015 -0.62
Dec 2015 -0.58
Jan 2016 -0.73
Feb 2016 -0.71
Mar 2016 -0.64
Apr 2016 -0.26
May 2016 -0.7
Jun 2016 -0.28
Jul 2016 -0.19
Aug 2016 0.08
Sep 2016 -0.28
Oct 2016 -0.02
Nov 2016 -0.27
Dec 2016 -0.2
Jan 2017 0.19
Feb 2017 0.2
Mar 2017 0.11
Apr 2017 0.05
May 2017 -0.08
Jun 2017 0.15
Jul 2017 0.15
Aug 2017 0.43
Sep 2017 0.55
Oct 2017 0.81
Nov 2017 0.85
Dec 2017 0.7
Jan 2018 0.6
Feb 2018 0.13
Mar 2018 0.47
Apr 2018 0.56
May 2018 0.38
Jun 2018 0.42
Jul 2018 0.45
Aug 2018 0.53
Sep 2018 0.47
Oct 2018 0.53
Nov 2018 0.44
Dec 2018 0.44
Jan 2019 0.51
Feb 2019 0.12
Mar 2019 0.2
Apr 2019 0.02
May 2019 -0.64
Jun 2019 -0.51
Jul 2019 -0.46
Aug 2019 -0.33
Sep 2019 0.1
Oct 2019 0.02
Nov 2019 0.09
Dec 2019 0.01
Jan 2020 0.03
Feb 2020 1.1
Mar 2020 2.45
Apr 2020 3.03
May 2020 2.52
Jun 2020 2.25
Jul 2020 2.76
Aug 2020 1.3
Sep 2020 0.57
Oct 2020 0.1
Nov 2020 0.7
Dec 2020 1.65
Jan 2021 1.44
Feb 2021 1.92
Mar 2021 2.21
Apr 2021 2.57
May 2021 3
Jun 2021 2.73
Jul 2021 2.94
Aug 2021 3.26
Sep 2021 3.26
Oct 2021 3.81
Nov 2021 4.23
Dec 2021 4.3
Jan 2022 3.65
Feb 2022 2.76
Mar 2022 2.79
Apr 2022 3.42
May 2022 2.64
Jun 2022 2.34
Jul 2022 1.76
Aug 2022 1.5
Sep 2022 0.89
Oct 2022 1

Note: Data go through October 2022.

Source: Federal Reserve Bank of New York.

Figure 8. ISM Supplier Deliveries Index

Diffusion index

Date Manufacturing Nonmanufacturing
Jun 1997 54.6 51.5
Jul 1997 54.7 55.5
Aug 1997 55.2 71.5
Sep 1997 54.8 53
Oct 1997 54.9 52
Nov 1997 55.2 55.5
Dec 1997 53.9 51.5
Jan 1998 53 54
Feb 1998 52.8 52
Mar 1998 53 52.5
Apr 1998 52.4 52
May 1998 51.5 50.5
Jun 1998 50.9 53.5
Jul 1998 50.2 54.5
Aug 1998 50.3 54
Sep 1998 50.8 53
Oct 1998 49.8 53.5
Nov 1998 50.4 50
Dec 1998 48.5 53
Jan 1999 51 54.5
Feb 1999 50.8 51.5
Mar 1999 52.3 52.5
Apr 1999 49.5 51.5
May 1999 52.1 54
Jun 1999 52.6 54
Jul 1999 54 52.5
Aug 1999 51.4 53.5
Sep 1999 55.8 54
Oct 1999 56.2 56
Nov 1999 56.8 56.5
Dec 1999 56.7 53
Jan 2000 55 55.5
Feb 2000 54.4 55
Mar 2000 54.3 52.5
Apr 2000 55.4 55
May 2000 55.4 57
Jun 2000 54.5 53.5
Jul 2000 53.9 54.5
Aug 2000 53.5 55
Sep 2000 49.6 53
Oct 2000 51.1 54.5
Nov 2000 50.3 54
Dec 2000 52.8 51
Jan 2001 49.8 51.5
Feb 2001 50.2 51.5
Mar 2001 47.7 50.5
Apr 2001 47.2 51
May 2001 45.4 52
Jun 2001 47.1 51
Jul 2001 46.8 50.5
Aug 2001 46.7 48
Sep 2001 47.5 51
Oct 2001 49.5 53.5
Nov 2001 49.1 52.5
Dec 2001 49.3 53.5
Jan 2002 51.2 53
Feb 2002 51.4 53
Mar 2002 51.9 52
Apr 2002 53.5 51.5
May 2002 53.4 52
Jun 2002 54.4 53.5
Jul 2002 54.8 52.5
Aug 2002 53.6 53
Sep 2002 56.7 52.5
Oct 2002 53.4 53.5
Nov 2002 52.1 52.5
Dec 2002 52.9 52.5
Jan 2003 52.8 52
Feb 2003 52.8 52.5
Mar 2003 52.6 52
Apr 2003 49.9 50.5
May 2003 50.6 52
Jun 2003 49.8 51.5
Jul 2003 51.5 53.5
Aug 2003 53 52.5
Sep 2003 53.4 55
Oct 2003 54.6 53
Nov 2003 56.4 53
Dec 2003 59.3 52
Jan 2004 61.5 56.5
Feb 2004 62.9 55.5
Mar 2004 66.7 55
Apr 2004 66.7 58
May 2004 68.3 56
Jun 2004 67.1 57.5
Jul 2004 64.5 58
Aug 2004 62.8 57
Sep 2004 59.8 55.5
Oct 2004 59.2 56
Nov 2004 56.8 55
Dec 2004 55.3 55.5
Jan 2005 54.7 52.5
Feb 2005 56.5 52.5
Mar 2005 53.5 53
Apr 2005 51.8 53
May 2005 49.8 53.5
Jun 2005 52 56.5
Jul 2005 50.8 57
Aug 2005 49.9 55
Sep 2005 57.7 56
Oct 2005 61.8 58.5
Nov 2005 57 60.5
Dec 2005 54.9 56.5
Jan 2006 55.7 54.5
Feb 2006 54.4 52.5
Mar 2006 53.9 54
Apr 2006 57.4 54.5
May 2006 56.1 56.5
Jun 2006 54 56
Jul 2006 53.5 54.5
Aug 2006 54.2 53.5
Sep 2006 52.9 54
Oct 2006 51.3 54.5
Nov 2006 53.1 50
Dec 2006 55.7 51
Jan 2007 54.7 53.5
Feb 2007 53.3 52.5
Mar 2007 52.2 50
Apr 2007 51.1 51
May 2007 51 49.5
Jun 2007 49.1 50.5
Jul 2007 49.9 51.5
Aug 2007 50.8 50.5
Sep 2007 50.3 50.5
Oct 2007 52.1 50
Nov 2007 52.8 51.5
Dec 2007 53.6 52.5
Jan 2008 53.1 49
Feb 2008 50.7 50
Mar 2008 52.6 49
Apr 2008 53.9 56
May 2008 54.3 51
Jun 2008 55.8 50.5
Jul 2008 54.8 53.5
Aug 2008 50.1 55.5
Sep 2008 52 53.5
Oct 2008 48.4 48
Nov 2008 49.4 49.5
Dec 2008 46.9 48
Jan 2009 46.6 51.5
Feb 2009 46.3 48
Mar 2009 43.2 48
Apr 2009 47 45.5
May 2009 51.3 50
Jun 2009 49.5 46
Jul 2009 52 50
Aug 2009 54.6 49
Sep 2009 57.6 50
Oct 2009 60.7 50.5
Nov 2009 57.1 48.5
Dec 2009 58.6 50.5
Jan 2010 57.2 50.5
Feb 2010 56.8 53.5
Mar 2010 64 49.5
Apr 2010 59.6 53.5
May 2010 58.1 53
Jun 2010 56.6 53
Jul 2010 61 52
Aug 2010 57.4 51
Sep 2010 52.9 55
Oct 2010 51.4 51
Nov 2010 58.8 52.5
Dec 2010 54.5 51.5
Jan 2011 54.6 53.5
Feb 2011 58.4 52
Mar 2011 59.9 51.5
Apr 2011 59.4 53
May 2011 56.6 54
Jun 2011 56 52
Jul 2011 52.8 50.5
Aug 2011 53.2 53
Sep 2011 51.8 49.5
Oct 2011 51.4 52
Nov 2011 51.4 50
Dec 2011 48.5 51.5
Jan 2012 50.3 51
Feb 2012 47 49.5
Mar 2012 50 49.5
Apr 2012 49.5 51.5
May 2012 50.5 53
Jun 2012 50.8 51
Jul 2012 49.6 49.5
Aug 2012 49 51.5
Sep 2012 50.9 51.5
Oct 2012 48 51.5
Nov 2012 47.5 49
Dec 2012 51 48.5
Jan 2013 53 52.5
Feb 2013 50 51.5
Mar 2013 51.1 53
Apr 2013 51.4 51
May 2013 50.2 52
Jun 2013 51.5 51.5
Jul 2013 52.7 52.5
Aug 2013 51.9 54.5
Sep 2013 53.1 50
Oct 2013 52.7 49
Nov 2013 50.8 51
Dec 2013 52.1 51.5
Jan 2014 55 52.5
Feb 2014 57 53
Mar 2014 55.8 52
Apr 2014 56.9 50.5
May 2014 53 50
Jun 2014 53 51
Jul 2014 54.5 51.5
Aug 2014 53.7 52.5
Sep 2014 52.6 52
Oct 2014 54 49.5
Nov 2014 53.7 54.5
Dec 2014 56 52.5
Jan 2015 54 54
Feb 2015 54.5 55
Mar 2015 51.7 54
Apr 2015 51.1 53.5
May 2015 51.9 50
Jun 2015 49 51.5
Jul 2015 50.6 53
Aug 2015 49.9 52.5
Sep 2015 50.1 52.5
Oct 2015 49.5 52
Nov 2015 48.4 53
Dec 2015 49.2 48.5
Jan 2016 50.4 51.5
Feb 2016 49.6 50.5
Mar 2016 51.5 51
Apr 2016 50.9 51
May 2016 53.7 52.5
Jun 2016 53.7 54
Jul 2016 52.8 51
Aug 2016 51.3 51.5
Sep 2016 50.3 51
Oct 2016 51.7 50.5
Nov 2016 54 52
Dec 2016 52.5 52
Jan 2017 53.6 52.5
Feb 2017 55.9 50.5
Mar 2017 56.3 51.5
Apr 2017 56.3 53
May 2017 55 51.5
Jun 2017 55.5 52.5
Jul 2017 56.4 51
Aug 2017 57 50.5
Sep 2017 64.1 58
Oct 2017 60.1 58
Nov 2017 55.3 54
Dec 2017 56.3 55.5
Jan 2018 59.2 55.5
Feb 2018 61.4 55.5
Mar 2018 61.4 58.5
Apr 2018 61.3 54.5
May 2018 62.8 58.5
Jun 2018 68.2 55.5
Jul 2018 62.4 53
Aug 2018 64.1 56
Sep 2018 61.9 57
Oct 2018 63.9 57.5
Nov 2018 61 56.5
Dec 2018 56.6 51.5
Jan 2019 55.5 51.5
Feb 2019 55.3 53.5
Mar 2019 54.9 52
Apr 2019 54.8 50.5
May 2019 52.5 49.5
Jun 2019 51.2 51.5
Jul 2019 53.5 51.5
Aug 2019 51.6 50.5
Sep 2019 51.3 51
Oct 2019 50.1 52.5
Nov 2019 51.7 51.5
Dec 2019 52.2 52.5
Jan 2020 53 51.8
Feb 2020 57.3 52.4
Mar 2020 65 62.1
Apr 2020 76 78.3
May 2020 68.1 67
Jun 2020 57 57.5
Jul 2020 55.9 55.3
Aug 2020 58.2 60.5
Sep 2020 59 55
Oct 2020 60.5 56.1
Nov 2020 61.7 57.1
Dec 2020 67.7 62.8
Jan 2021 68.2 57.8
Feb 2021 72 60.8
Mar 2021 76.6 61
Apr 2021 75 66.1
May 2021 78.8 70.4
Jun 2021 75.1 68.5
Jul 2021 72.5 72
Aug 2021 69.5 69.6
Sep 2021 73.4 68.8
Oct 2021 75.6 75.7
Nov 2021 72.2 75.7
Dec 2021 64.9 63.9
Jan 2022 64.6 65.7
Feb 2022 66.1 66.2
Mar 2022 65.4 63.4
Apr 2022 67.2 65.1
May 2022 65.7 61.3
Jun 2022 57.3 61.9
Jul 2022 55.2 57.8
Aug 2022 55.1 54.5
Sep 2022 52.4 53.9
Oct 2022 46.8 56.2

Note: Data go through October 2022. The ISM Supplier Deliveries Index is an inverse diffusion index, a reading above 50 percent indicates slower deliveries.

Source: Institute for Supply Management.

Figure 9. Labor Force Participation Rate
Date Percent
Jan 2018 62.7
Feb 2018 63
Mar 2018 62.9
Apr 2018 62.9
May 2018 62.9
Jun 2018 62.9
Jul 2018 62.9
Aug 2018 62.7
Sep 2018 62.7
Oct 2018 62.9
Nov 2018 62.9
Dec 2018 63
Jan 2019 63.1
Feb 2019 63.1
Mar 2019 63.1
Apr 2019 62.9
May 2019 62.9
Jun 2019 62.9
Jul 2019 63.1
Aug 2019 63.1
Sep 2019 63.2
Oct 2019 63.2
Nov 2019 63.2
Dec 2019 63.3
Jan 2020 63.4
Feb 2020 63.4
Mar 2020 62.7
Apr 2020 60.2
May 2020 60.8
Jun 2020 61.4
Jul 2020 61.5
Aug 2020 61.7
Sep 2020 61.4
Oct 2020 61.6
Nov 2020 61.5
Dec 2020 61.5
Jan 2021 61.4
Feb 2021 61.5
Mar 2021 61.5
Apr 2021 61.7
May 2021 61.6
Jun 2021 61.6
Jul 2021 61.7
Aug 2021 61.7
Sep 2021 61.7
Oct 2021 61.7
Nov 2021 61.9
Dec 2021 61.9
Jan 2022 62.2
Feb 2022 62.3
Mar 2022 62.4
Apr 2022 62.2
May 2022 62.3
Jun 2022 62.2
Jul 2022 62.1
Aug 2022 62.4
Sep 2022 62.3
Oct 2022 62.2

Note: Data go through October 2022.

Source: Bureau of Labor Statistics.

Last Update: November 28, 2022