Bureau of Business Research
Date of this Version
8-25-2021
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N fell by 0.17% during July 2021, the first decline in ten months. The decline in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will slow in Nebraska during the first months of 2022. Four components of the leading indicator worsened during July. Building permits for single-family homes declined while there was a small drop in manufacturing hours-worked. Initial claims for unemployment insurance and the value of the U.S. dollar also rose during July. A rising U.S. dollar is challenging for Nebraska businesses, which compete in international markets. Business expectations were one positive factor in July. Respondents to the July Survey of Nebraska Business reported plans to increase sales and employment in the state over the next six months. Airline passenger enplanements also rose during July.
Comments
Prepared by the UNL College of Business, Bureau of Business Research