The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.13% in May, 2014, for its fourth consecutive monthly increase.
“The outlook has been very consistent in recent months. The fourth consecutive monthly increase continues to suggest that the Nebraska economy will grow solidly in the second half of 2014,” said University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research. 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
. According to Thompson, “there were beneficial trends in business expectations, the value of the U.S. dollars, airlines passenger counts and manufacturing hours during May.” There was, however, a decline in single-family building permits during the month and a rise in initial claims for unemployment insurance.
June Leading Economic Indicator - Nebraska Report