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Leading Economics Indicator Shows Private Sector Expanding in Nebraska

The Leading Economic Indicator – Nebraska (LEI-N) increased by 0.95% in September 2013. The increase suggests modest growth in the Nebraska economy through the rest of 2013 and in early 2014. 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.

“Most of the improvement in the LEI-N was due to a sharp drop in initial unemployment claims in Nebraska during September,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. “The other components of the indicator were mixed, with improvements in building permits and airline passenger counts on a seasonally-adjusted basis, but a decline in manufacturing hours and business expectations.”

According to Thompson, “Improvement in the LEI-N during August and September suggests modest economic growth in Nebraska over the next six months.  ”Growth in Nebraska is limited by the same factors that are impacting the national economy, such as uncertainty about domestic economic policy and weaker economic growth overseas.”


Leading Economic Indicator Graph - Nebraska

October Leading Economic Indicator - Nebraska Report

Published: October 18, 2013