United States USD

United States LMI Logistics Managers Index

Impact:
Low

Latest Release:

Date:
Actual:
55.7
Forecast:
Previous/Revision:
57.4
Period: Nov

Next Release:

Date:
Period: Dec
What Does It Measure?
The Logistics Managers Index (LMI) in the United States measures the health of the logistics sector by analyzing various aspects such as freight volume, inventory levels, transportation costs, and warehousing capacity. It primarily focuses on the efficiency and performance of logistics operations, providing insights into supply chain dynamics and overall economic activity.
Frequency
The LMI is released monthly, typically published on the first business day of the month following the survey period, and it represents a preliminary estimate subject to revisions in future reports.
Why Do Traders Care?
Traders closely monitor the LMI because it serves as a critical barometer of supply chain activity, which directly impacts broader economic conditions. A higher-than-expected LMI is generally viewed as indicative of economic expansion, positively influencing currencies and stocks, while a lower-than-expected reading may signal economic slowdown, leading to bearish sentiments in financial markets.
What Is It Derived From?
The LMI is derived from a survey conducted among logistics professionals across the United States, who provide their insights on various indicators including transportation, inventory, and pricing. It utilizes a diffusion index approach, where values above 50 indicate expansion in the logistics sector, and values below 50 indicate contraction.
Description
The LMI consists of several components such as the Transportation Index, Inventory Index, and Price Index, each capturing specific operational aspects of the logistics industry. By aggregating these indices, the LMI offers a comprehensive view of trends and anomalies in logistics circumstances, thus reflecting important economic behaviors.
Additional Notes
The LMI is considered a leading economic indicator as it tends to anticipate changes in the broader economy, making it valuable for analyzing potential shifts in economic performance. It is often compared to other indicators like the Purchasing Managers' Index (PMI) to gain further insights into overall economic health and trends.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
55.7
57.4
57.4
57.4
57.4
59.3
59.3
59.2
59.2
60.7
60.7
59.4
59.4
58.8
58.8
57.1
57.1
62.8
62.8
62
62
57.3
57.3
58.4
58.4
58.9
58.9
58.6
58.6
56.4
56.4
56.5
56.5
55.3
55.3
55.6
55.6
52.9
52.9
58.3
58.3
56.5
56.5
55.6
Broker Rebates