Bureau of Business Research
Date of this Version
9-20-2017
Document Type
Article
Citation
Prepared by the UNL College of Business, Bureau of Business Research
Abstract
The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.38% during August of 2017. The decline in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow slowly during the first few months of 2018. The drop in the indicator was primarily due to a decline in manufacturing hours-worked during August. Building permits for single-family homes and airline passenger enplanements also dropped slightly. There were two positive components of the LEI-N. Businesses responding to the August Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The value of the U.S. dollar also continued its recent decline during August, a positive sign for Nebraska’s export-oriented businesses.
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Comments
Copyright 2017 Eric Thompson, UNL Bureau of Business Research