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Leading Economic Indicator Improves in February

The Leading Economic Indicator – Nebraska (LEI-N) increased by 0.99% in February 2014. The increase in the LEI-N suggests moderate growth in the Nebraska economy during the summer of 2014.

“The Nebraska economy is expected to grow steadily in 2014, with the pace of growth accelerating later in the year,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. The Leading Economic Indicator – Nebraska is produced by faculty and students in the Department of Economics and Bureau of Business Research within the UNL College of Business Administration.

The Leading Economic Indicator – Nebraska is a composite of six components which predict future economic growth: single-family building permits, airline passenger counts, initial unemployment claims, manufacturing hours, the value of the U.S. dollar, and business expectations gathered from the Survey of Nebraska Business. According to Thompson, “there was a solid improvement in business expectations during February as well as a significant drop in initial unemployment claims. These results suggest improvement in both the business outlook and the labor market. “The other four components of the LEI-N experience either a small decline or a small increase during February.


Leading Economic Indicator Graph - Nebraska

March Leading Economic Indicator - Nebraska Report

 

Published: March 21, 2014