Bureau of Business Research
Date of this Version
6-24-2020
Document Type
Article
Citation
Copyright 2020 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 2.45% during May of 2020. The May increase followed sharp declines in March and April. The May results indicate that the Nebraska economy will grow over the next 6 months, allowing the state to begin to recover from economic losses in March and April. Four of the five components of the leading indicator improved during May. There was a significant decline in initial claims for unemployment insurance. The slow rebound in airline passenger enplanements also began. In addition, building permits for single-family homes rebounded in May after an April drop. The value of the U.S. dollar also decreased modestly, providing relief for agriculture, manufacturing, and other businesses which export. However, manufacturing hoursworked dropped during May on a seasonally-adjusted basis. Note that the Survey of Nebraska Business was not conducted in May.
Comments
Prepared by the UNL College of Business, Bureau of Business Research