Bureau of Business Research
Date of this Version
2016
Document Type
Article
Citation
Prepared by the UNL College of Business Administration, Department of Economics
Abstract
The Leading Economic Indicator – Nebraska (LEI-N) fell by 0.28% in May 2016. The decline in the LEI-N, which predicts economic growth in the state six months in the future, followed rapid increases during both March and April. Taken together, results suggest that economic growth will be strong in Nebraska during the summer and fall of 2016 before moderating late in the year. Four of the six components of the LEI-N declined during May. There was a decline in manufacturing hours during the month and a slight decline in airline passenger counts. There also was an increase in the value of the dollar, which will pressure export-oritented businesses such as manufacturing and agriculture. Lastly, there was a modest uptick in initial claims for unemployment insurance rose during May.
Comments
Copyright 2016 Eric Thompson and William Walstad