The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.89% in April 2014. This rapid increase during April is the third consecutive monthly improvement in the LEI-N.
“The Nebraska economy is expected to grow moderately over the next few months and 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, single-family building permits, initial unemployment claims and the value of the U.S. dollars during April.” Only two components of the indicator declined. There was a slight decline in manufacturing hours and airline passenger counts.
May Leading Economic Indicator - Nebraska Report