August 2022 Logistics Manager’s Index Report®
LMI® at 59.7
Growth is INCREASING AT AN INCREASING RATE for: NOTHING
Growth is INCREASING AT A DECREASING RATE for: Inventory Levels, Inventory Costs, Warehousing Utilization, Warehousing Prices, Transportation Capacity, Transportation Utilization. And Transportation Prices
Warehousing Capacity is CONTRACTING.
(Fort Collins, Colorado) — The Logistics Managers’ Index reads in at 59.7 in August, down (-1.0) from July’s reading of 60.7. This is the first reading below 60.0 since May of 2020 and the third consecutive reading below the all-time index average of 65.3. While this does still represent expansion in the logistics industry, the rate of growth is now 16.5 points down from March when we saw an all-time high reading of 76.2. This is the largest slide we have seen over a five-month period in the history of the index. The only movements similar to this one were the positive jumps up from the Spring to the Fall of 2020 when we saw a 19.2 point increase between locked-down April and the Q4 build-up to a reawakened economy in September 2020. Essentially, the slide we’re seeing now is equivalent in scale to the rapid rise we saw during the early COVID recovery period. That being said, we still do see some growth now, primarily due to robust levels of growth for Inventory Costs and throughout the warehousing metrics.
https://www.the-lmi.com/august-2022-logistics-managers-index.html