Date of this Version
Copyright 2019 Eric Thompson, UNL Bureau of Business Research
The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.38% during February of 2019. The increase in the LEI-N, which is designed to predict economic activity six months into the future, implies moderate economic growth in Nebraska through the third quarter of 2019. Strong business expectations were the primary reason for the increase in the leading indicator. Respondents to the February Survey of Nebraska Business reported plans to increase both sales and employment at their businesses over the next six months. Business expectations were at odds with other components of the indicator. Building permts for single-family homes and manufacturing hours-worked both declined during February. Further, the value of the U.S. dollar rose, which is challenging for businesses which export.