Economic growth is expected to remain solid in Nebraska through the 2nd quarter of 2018, according to the most recent leading economic indicator report from the University of Nebraska-Lincoln.
The indicator, a composite of economic factors that predict economic growth six months into the future, rose by 0.64 percent in November.
“The rise in the LEI-N suggests that solid economic growth will continue in Nebraska over the next six months, through the 2nd quarter of 2018,” said economist Eric Thompson, director of the Bureau of Business Research at the university.
“Business expectations are the primary reason for the rise in the leading indicator during November, said Thompson. A majority of businesses expect to increase sales and employment over the next six months.
Building permits for single-family homes also rose during November.
The principal concern for the economy is a rising U.S. dollar. “The value of the dollar has increased for the last two months and that is challenging for Nebraska exporters in agriculture and manufacturing,” said Thompson.