United States LMI Logistics Managers Index

The US Logistics Managers’ Index (LMI) rose to 60.7 in June 2025, up from 59.4 in May. This is only the third reading above 60.0 in the past two and a half years—all of which have occurred in the last six months—highlighting an elevated and somewhat unseasonal level of supply chain activity in the first half of 2025. The increase in the overall index was driven primarily by a sharp rise in Inventory Levels, which surged 8.3 points to 59.8. Most of the growth occurred in the first half of June, as importers moved quickly to capitalize on a pause in the most punitive tariffs. As a result, Inventory Costs rose by 2.5 points to 80.9—the first time this metric has exceeded 80.0 since October 2022, when supply chains were still grappling with post-COVID inventory distortions. Meanwhile, Warehousing Capacity declined by 2.2 points to 47.8, entering contraction for the first time since January 2023.