Nebraska’s leading economic indicator rose during October, according to the most recent report from the University of Nebraska-Lincoln.
The leading indicator, a composite of economic factors that predict economic growth six months into the future, rose by 0.51%.
“The leading indicator rebounded in October after a September decline,” said economist Eric Thompson, director of the Bureau of Business Research at the university. “The increase in the leading indicator suggests that the Nebraska economy will grow at a moderate pace through the first quarter of 2019."
Building permits for single family homes and business expectations both improved during October. At the same time, initial claims for unemployment insurance fell in Nebraska.
“One concern for the Nebraska economy is the value of the U.S. dollar,” said Thompson. “The value of the U.S. dollar rose again during October, creating more competitive pressures for Nebraska business which export, including many agriculture and manufacturing businesses.”