Bureau of Business Research
Date of this Version
8-24-2022
Document Type
Article
Citation
Copyright 2022 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N fell by 0.08% during July 2022. The decrease in the leading indicator, which is designed to predict economic activity six months in the future, signals that economic growth in Nebraska will be slow at the end of 2022 and the beginning of 2023. The indicator declined for two primary reasons. First, there was an increase in the value of the U.S. dollar in July, creating challenges for agriculture, manufacturers, and other businesses that compete in international markets. Second, there was a decline in airline passenger counts in July, likely in response to large increases in airline ticket prices. On the positive side, businesses remained confident. Respondents to the July Survey of Nebraska Business reported plans to increase sales and employment.
Comments
Prepared by the UNL College of Business, Bureau of Business Research