Bureau of Business Research
Date of this Version
6-30-2021
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 2.33% during May 2021, the third month in a row of rapid growth and the eighth consecutive monthly increase. Rapid improvement in the leading indicator implies that economic growth will be strong in Nebraska during the second half of 2021. All six components of the leading indicator rose during May. Business expectations, manufacturing hours-worked, and airline passenger counts were the strongest components. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours-worked grew rapidly while airline passenger enplanements also rose sharply as the industry moved closer to pre-pandemic levels of activity.
Comments
Prepared by the UNL College of Business, Bureau of Business Research