Bureau of Business Research
Date of this Version
9-22-2021
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 0.79% during August 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will be moderate in Nebraska during the first months of 2022. Growth will decline from the rapid increases seen during 2021. Three components of the leading indicator improved during August. Building permits for single-family homes bounced back in August after weak permit activity in July. There also was growth in manufacturing hours worked during the month. Finally, respondents to the August Survey of Nebraska Business reported plans to increase sales and employment in the state over the next six months.
Comments
Prepared by the UNL College of Business, Bureau of Business Research