Bureau of Business Research
Date of this Version
4-28-2021
Document Type
Article
Citation
Copyright 2021 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 1.49% during March 2021. The indicator has risen during each of the last six months, suggesting that the Nebraska economy will expand at a robust pace through the summer of 2021. In March, the leading indicator primarily rose due to strong business expectations and rising airline activity. The pace of recovery in airline passenger enplanements improved during March. In addition, March respondents to the Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours worked also rose in March while there was a small decline in initial claims for unemployment insurance. The value of the U.S. dollar, however, rose during March, creating a more challenging environment for Nebraska businesses that compete in international markets.
Comments
Prepared by the UNL College of Business, Bureau of Business Research