Bureau of Business Research
Date of this Version
1-29-2021
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 0.36% during December 2020. The indicator has risen during each of the last three months. The rising indicator suggests that the Nebraska economy will expand solidly over the next 6 months. Three of the six components of the leading indicator improved during December. Building permits for single-family homes and airline passenger counts both rose modestly. Further, the value of the U.S. dollar dropped sharply in December, which will improve competitive conditions for agricultural producers, manufacturers, and other Nebraska businesses that export. Business expectations, however, were one area of concern. Respondents to the December Survey of Nebraska Business plan to keep employment steady over the next six months, but expect that sales will fall. Manufacturing hours worked also declined in December.
Comments
Prepared by the UNL College of Business, Bureau of Business Research