The Logistics Manager’s Index in the US fell for a third consecutive month to hit another record low of 50.9 in April of 2023, compared to 51.1 in March. The decline was mainly driven by a dip in inventory levels (-4.7 to 50.9), suggesting that firms continue to get closer to properly balancing their supply of goods. The drop in inventories has led to a significant fall in warehousing utilization (-9.9 to 55.1) which in turn has dropped warehousing prices (-1.1 to 69.8) particularly for downstream firms. Meanwhile, transportation utilization moved back into expansion (+5 to 55) and transportation prices fell less (+5.7 to 36.8), possible due to the fact that inventories continue to dip in consumer goods and retail industries, warehousing capacity is finally loosening up, and firms are utilizing slightly more of the available transportation capacity to replenish those goods. Like 2019, it seems that there's a recession in the freight industry, but not in the overall economy. source: Logistics Managers' Index

Lmi Logistics Managers Index Current in the United States averaged 64.15 points from 2016 until 2023, reaching an all time high of 76.20 points in March of 2022 and a record low of 50.90 points in April 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 June of 2023.

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United States LMI Logistics Managers Index Current



Calendar GMT Actual Previous Consensus TEForecast
2023-04-04 09:35 AM Mar 51.1 54.7
2023-05-02 08:35 AM Apr 50.9 51.1
2023-06-06 09:30 AM May 50.9


Related Last Previous Unit Reference
Lmi Warehouse Prices 69.80 70.90 points Apr 2023
Lmi Transportation Prices 36.80 31.10 points Apr 2023
Lmi Logistics Managers Index Future 51.10 52.70 points Apr 2023
Lmi Logistics Managers Index Current 50.90 51.10 points Apr 2023
Lmi Inventory Costs 65.10 66.00 points Apr 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
50.90 51.10 76.20 50.90 2016 - 2023 points Monthly

News Stream
Logistics Managers’ Index in US Hits New All-time Low
The Logistics Manager’s Index in the US fell for a third consecutive month to hit another record low of 50.9 in April of 2023, compared to 51.1 in March. The decline was mainly driven by a dip in inventory levels (-4.7 to 50.9), suggesting that firms continue to get closer to properly balancing their supply of goods. The drop in inventories has led to a significant fall in warehousing utilization (-9.9 to 55.1) which in turn has dropped warehousing prices (-1.1 to 69.8) particularly for downstream firms. Meanwhile, transportation utilization moved back into expansion (+5 to 55) and transportation prices fell less (+5.7 to 36.8), possible due to the fact that inventories continue to dip in consumer goods and retail industries, warehousing capacity is finally loosening up, and firms are utilizing slightly more of the available transportation capacity to replenish those goods. Like 2019, it seems that there's a recession in the freight industry, but not in the overall economy.
2023-05-02
US Logistics Sector Grows the Least on Record
The Logistics Manager’s Index in the US fell to a record low of 51.1 in March of 2023, pointing to the weakest growth in the logistics sector since records began in 2016. The transportation prices declined by 5 points to a record low of 31.1 amid lower fuel prices. Also, transportation utilization fell to 50, indicating no upward movement for the first time in 2023. Inventory Levels continued to grow though at a decreasing rate (-6.8 to 55.6) with a bigger focus on retail and consumables as goods that are most impacted by interest rates piled up over the last year. Inventory Costs have fallen below 70, a level seen as the cutoff for significant rates of growth, for the first time since September 2020, in a strong sign that the high supply costs that have been the primary source of overall inflation in the U.S. for much of the last year are beginning to subside. On the other hand, both Transportation (+1 to 71.4) and Warehousing Capacity (+1.6 to 58.2) continue their upward climb.
2023-04-04
US Logistics Sector Growth Slows
The Logistics Manager’s Index in the US fell to 54.7 in February 2023 from 57.6 in January and approaching 53.6, its second-lowest reading on record hit in November. Transportation Costs (36.1 vs 42) contracted at the fastest rate on record, but February is generally a low point seasonally due to the consumer spending hangover from the holidays in the U.S. and slowness in imports due to the Chinese New Year. Meanwhile, the Warehousing Capacity (56.6 vs 46.4) moved into the expansionary territory after 30 consecutive months of contraction. Increased Warehousing Capacity will be a welcome sign for many firms as the lack of capacity has been a source of significant costs throughout the supply chain. Still, Warehousing Prices (73.3 vs 75) and Inventory Costs (70.9 vs 74.2) continued to rise. At the same time, Transportation Utilization slowed (51.9 vs 57) but Transportation Capacity moved up slightly (70.4 vs 70.2).
2023-03-07