Bureau of Business Research
Date of this Version
Spring 4-24-2024
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The Leading Economic Indicator-Nebraska fell by 1.31% in March 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, followed a very rapid 3.97% increase in February. Taken together, the February and March values continue to imply strong growth in the Nebraska economy in mid-2024. A decline in building permits for single-family homes contributed to the drop in the LEI-N during March. There also was a decline in manufacturing hours worked after a sharp February increase. On the positive side, business expectations remained strong in March. Respondents to the March Survey of Nebraska Business reported plans to increase sales and employment over the next six months.
Comments
Prepared by the UNL College of Business, Bureau of Business Research