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The University of Nebraska–Lincoln reports another increase in Nebraska’s Leading Economic Indicator (LEI) during June. Designed to predict economic activity six months into the future, the LEI rose by 0.58%.
"The monthly report confirms the Nebraska economy will grow through the end of the year," said economist Eric Thompson, department chair, K.H. Nelson College Professor of Economics and director of Bureau of Business Research.
The six components of Nebraska’s Leading Economic Indicator include business expectations, building permits for single-family homes, airline passenger counts, initial claims for unemployment insurance, the value of the U.S. dollar and manufacturing hours worked.
Two of six indicator components improved significantly during June.
“Nebraska manufacturing hours-worked grew again, as Nebraska continues to benefit from strong demand for food products and U.S. manufacturing activity continues to improve,” said Thompson.
Business expectations also were positive. Respondents to the June Survey of Nebraska Business reported plans to increase sales and employment over the next six months.
There also were small increases in airline passenger counts and building permits for single-family homes during the month.
The full report and a technical report describing the indicators are available at the Bureau of Business Research website, https://bbr.unl.edu.
Published: July 26, 2024