Logistics Managers Index (LMI) experienced a contraction in May

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Written By Jennifer Joslyn

📅 Logistics Managers Index (LMI) experienced a contraction in May.

In May, the Logistics Managers Index (LMI) recorded a contraction, reflecting a slowdown in the logistics industry. The LMI, which measures current and future business conditions, fell to 47.3, marking its first contraction since its inception over six years ago. The decline can be attributed to various factors, including the ongoing freight recession, persistent inflation, and high-interest rates.

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Jennifer Joslyn
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