Bureau of Business Research

 

Date of this Version

8-23-2017

Document Type

Article

Citation

Prepared by the UNL College of Business, Bureau of Business Research

Comments

Copyright 2017 Eric Thompson, UNL Bureau of Business Research

Abstract

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.56% during July of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow through the first month of 2018. Four components of the indicator improved during July. Business expectations were solid and manufacturing hours grew. The value of the U.S. dollar continued its recent decline, a positive sign for Nebraska’s export-oriented businesses. Further, in a positive sign for the labor market, there also was a drop in initial claims for unemployment insurance. In terms of worsening components, building permits for single-family homes declined during July.