Economic growth will continue in Nebraska during the first half of 2018, according to the most recent leading economic indicator report from the University of Nebraska-Lincoln College of Business.
The indicator, a composite of economic factors that predict economic growth six months into the future, rose by 0.83 percent in December of 2017.
“The LEI-N rose in December and has improved steadily over the last six months,” said economist Dr. Eric Thompson, director of the Bureau of Business Research at Nebraska. “This consistent improvement indicates that the economy will expand steadily during the first half of 2018.”
“Most components of the leading indicator rose during December,” Thompson added. The strongest components were businesses expectations and building permits for single-family homes. Manufacturing hours, the U.S. dollar exchange rate and initial claims for unemployment insurance also contributed to the increase in the LEI-N.