Date of this Version
The Leading Economic Indicator, September 20, 2013
The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.54% during August 2013. The increase in the LEI-N, which predicts economic growth in the state six months in the future, signals that the Nebraska economy will grow over the remainder of the year and in early 2014. Growth, however, will be modest rather than robust. Components of the leading indicator showed mixed signs of growth during August. Two of the six components weakened during the month. Single-family building permits declined during August while initial unemployment claims rose. However, airline passenger counts rose during August on a seasonally-adjusted basis. Manufacturing hours rose and the value of the U.S. dollar declined for the first time in recent months, a positive signal for Nebraska exporters. Business expectations also rose during August. Respondents to the Survey of Nebraska Business predicted a slight increase in employment at their business over the next six month.