The Leading Economic Indicator – Nebraska (LEI-N) fell by 0.75% in July, 2014, its first drop in six months. “Results suggest that the rate of economic growth in Nebraska may slow in early 2015 after strong growth in the second half of 2014,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. “It will be critical to monitor leading indicator values over the next few months to see if this trend continues.”
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, “business expectations remained positive in July but single-family building permits and manufacturing hours both fell during the month, while initial unemployment claims rose.”
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.
Published: August 15, 2014
August Leading Economic Indicator - Nebraska Report