Lincoln, Neb., July 18, 2014 – The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.01% in June, 2014, for its fifth consecutive monthly increase. “Results suggest that the Nebraska economy is slowly gaining momentum over the course of the year, with the strongest growth 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, “strong business expectations have been the key to improvement in the Leading Economic Indicator – Nebraska in June and in previous months.” Business expectations have been consistently positive. Other components of the LEI-N have improved in some months and declined in others.
The full Nebraska Monthly Economic Indicators report and a Technical Report describing the indicators are available at the UNL College of Business Administration website, http://www.cba.unl.edu.
June Leading Economic Indicator - Nebraska Report