Nebraska’s leading economic indicator rebounded in October, rising by 1.06 percent.
The rise in the index reversed a decline during the month of September. “Taken together, results for the last two months suggest that the Nebraska economy will expand at a modest pace during the first months of 2016.
“Most components of the leading indicator improved during October, including manufacturing hours, passenger enplanements, business expectations and initial claims for unemployment insurance,” said economist Eric Thompson, director of the Bureau of Business Research at the University of Nebraska-Lincoln.
There also was a drop in the value of the U.S. dollar during October. The decline in the value of the U.S. dollar, if sustained in future months, should benefit Nebraska’s export businesses in agriculture and manufacturing.
There was a modest decline in building permits for single-family homes in Nebraska during October.
The leading economic indicator report is produced monthly by faculty and students in the Economics Department and the Bureau of Business Research in UNL’s College of Business Administration.