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Leading Economic Indicator Drops Slightly in March

Apr 18 2014 3:00 AM
Leading Economic Indicator Drops Slightly in March
The Leading Economic Indicator – Nebraska (LEI-N) declined by 0.07% in March 2014. This slight decrease followed solid growth in February. Together, results from the two months suggest continued growth in the Nebraska economy.

“The Nebraska economy is expected to grow at a moderate pace in 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. Of these components, business expectations continue to be a positive for the Nebraska economy.

According to Thompson, “strong business expectations in March were offset by an increase in initial unemployment claims.” Other components had little impact. “The net impact was a slightly decline in the Leading Economic Indicator during March.


Leading Economic Indicator Graph - Nebraska

April Leading Economic Indicator - Nebraska Report

 

Leading Economic Indicator Drops Slightly in March

Apr 18 2014 3:00 AM
Leading Economic Indicator Drops Slightly in March
The Leading Economic Indicator – Nebraska (LEI-N) declined by 0.07% in March 2014. This slight decrease followed solid growth in February. Together, results from the two months suggest continued growth in the Nebraska economy.

“The Nebraska economy is expected to grow at a moderate pace in 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. Of these components, business expectations continue to be a positive for the Nebraska economy.

According to Thompson, “strong business expectations in March were offset by an increase in initial unemployment claims.” Other components had little impact. “The net impact was a slightly decline in the Leading Economic Indicator during March.


Leading Economic Indicator Graph - Nebraska

April Leading Economic Indicator - Nebraska Report