The Logistics Manager’s Index in the US fell to 45.4 in July 2023, marking not only a third consecutive month of contraction for the overall index, but also the fifth consecutive month it has reached a new all-time low. Inventory levels contracted at a record rate (-1 to 41.9), leading to lower growth for warehousing utilization (-4.3 to 52.5) and warehousing prices (-2.7 to 60.6), while warehousing capacity increased (+0.9 to 64.4). At the same time, growth for transportation capacity eased (-5.7 to 65.6) while transportation prices declined the least since April (2.8 to 35.6). "We continue to see very different outcomes for the overall economy and the logistics industry. This dichotomy is most clearly seen in employment figures. In the past we would expect to see transportation and warehousing ramping up hiring in late summer ahead of peak season. However, analysts do not see the same “urgency” towards hiring in the logistics industry so far this year", the LMI report showed. source: Logistics Managers' Index

Lmi Logistics Managers Index Current in the United States averaged 63.50 points from 2016 until 2023, reaching an all time high of 76.20 points in March of 2022 and a record low of 45.40 points in July of 2023. This page provides - United States LMI Logistics Managers Index Current- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States LMI Logistics Managers Index Current - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

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United States LMI Logistics Managers Index Current



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-05 09:25 AM Jun 45.6 47.3
2023-08-01 09:30 AM Jul 45.4 45.6
2023-09-05 09:30 AM 45.4


Related Last Previous Unit Reference
Lmi Warehouse Prices 60.60 63.30 points Jul 2023
Lmi Transportation Prices 35.60 32.80 points Jul 2023
Lmi Logistics Managers Index Future 52.80 55.40 points Jul 2023
Lmi Logistics Managers Index Current 45.40 45.60 points Jul 2023
Lmi Inventory Costs 60.50 57.10 points Jul 2023

United States LMI Logistics Managers Index Current
The Logistics Managers Survey is a monthly study aimed a revealing the status of US logistics activity. The LMI score is a combination of eight unique components that make up the logistics industry, including: inventory levels and costs, warehousing capacity, utilization, and prices, and transportation capacity, utilization, and prices. The LMI is calculated using a diffusion index, in which any reading above 50 percent indicates that logistics is expanding; a reading below 50 percent is indicative of a shrinking logistics industry. .
Actual Previous Highest Lowest Dates Unit Frequency
45.40 45.60 76.20 45.40 2016 - 2023 points Monthly

News Stream
US Logistics Sector Shrinks for 3rd Month
The Logistics Manager’s Index in the US fell to 45.4 in July 2023, marking not only a third consecutive month of contraction for the overall index, but also the fifth consecutive month it has reached a new all-time low. Inventory levels contracted at a record rate (-1 to 41.9), leading to lower growth for warehousing utilization (-4.3 to 52.5) and warehousing prices (-2.7 to 60.6), while warehousing capacity increased (+0.9 to 64.4). At the same time, growth for transportation capacity eased (-5.7 to 65.6) while transportation prices declined the least since April (2.8 to 35.6). "We continue to see very different outcomes for the overall economy and the logistics industry. This dichotomy is most clearly seen in employment figures. In the past we would expect to see transportation and warehousing ramping up hiring in late summer ahead of peak season. However, analysts do not see the same “urgency” towards hiring in the logistics industry so far this year", the LMI report showed.
2023-08-01
US Logistics Sector Contracts for 2nd Month
The Logistics Manager’s Index fell for a fifth straight month to hit a fresh record low of 45.6 in June of 2023, pointing to another contraction in the logistics sector, mainly dragged down by inventories. Inventory levels continued their downward movement (-6.5 to 42.9, which is the second-lowest reading ever). Seasonality would suggest that this value should come up soon, but there are some signals that that might not happen. Also, inventory cost growth dipped (-7.3 to 57.1). At the same time, the reduction in inventories is having a clear impact on the warehousing sector, with warehousing capacity (+6.8 to 63.5), warehousing utilization (+2.1 to 56.8) and warehousing prices (+0.6 to 63.3) increasing. Also, transportation utilization (+1.3 to 46.8) and transportation prices (+4.8 to 32.8) are contracting, but at reduced rates. Meanwhile, respondents are somewhat optimistic that this will take a turn, predicting an expansion rate of 55.4 over the next 12 months.
2023-07-05
US Logistics Sector Shrinks For the 1st Time
The Logistics Manager’s Index hit a record low for a third straight month of 47.3 in May 2023, compared to 50.9 in April. The reading also pointed to the first contraction in the logistic sector in nearly 7 years of history, mainly due to continued softening of the freight market. The transportation utilization gauge (-9.5 to 45.5) indicated contraction and signaled that shippers are using less of the available space. Also, transportation prices (-8.9 to 27.9), saw the biggest contraction on record. Meanwhile, there is little hope of a reprieve for carriers in the form of restocking inventories. Inventory levels shrank for the first time since February 2020 (-1.5 to 49.5), pushed by upstream manufacturer and wholesaler inventories while downstream retail inventories do continue to grow. Warehousing prices rose at the least since June 202 (-7 to 62.8) and are likely to continue to come down as more long-term contracts signed during 2020 and 2021 continue to come off the books.
2023-06-06