A new indicator of supply-side constraints developed by Bloomberg Economics indicates that U.S. supply shortages remain close to a 20-year high.
The Bloomberg Economics composite measure of supply constraints hit a two-decade high of 2.41 in June, inching down slightly to 2.19 in July and 1.86 in August, the most recent month of available data. Numbers above zero in the index represent a supply deficit, while negative numbers indicate a surplus.
