Nebraska’s leading economic indicator rose sharply during April, according to the most recent report from the University of Nebraska–Lincoln.
The leading indicator increased by 1.96%, marking the seventh consecutive month it rose.
“The rapid increase in the indicator suggests that the economic recovery will be robust in Nebraska during the second half of this year,” said economist Dr. Eric Thompson, director of the Bureau of Business Research at the university.
Strong business expectations, growing manufacturing activity and increased airline travel all contributed to the rising indicator.
In addition, the value of the U.S. dollar fell during April.
“A lower-value dollar supports agricultural producers, manufacturers and other Nebraska businesses that compete in international markets,” according to Thompson.
The full report and a technical report describing the indicators are available at the Bureau of Business Research website, https://bbr.unl.edu.