Bureau of Business Research
Date of this Version
1-27-2023
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N fell by just 0.03% in December 2022. The leading indicator, which is designed to predict economic growth six months in the future, suggests that there will be little growth in the Nebraska economy during the first half of 2023. Three components of the leading indicator worsened in December. There was a decline in airline passenger counts on a seasonally-adjusted basis. Building permits for single-family homes also declined and there was another increase in initial claims for unemployment insurance in Nebraska. One positive component during December was the value of the U.S. dollar. The dollar declined in value which improves the position of agricultural producers, manufacturers, and other Nebraska businesses that compete in international markets.
Comments
Prepared by the UNL College of Business, Bureau of Business Research