Bureau of Business Research
Date of this Version
2-24-2021
Document Type
Article
Citation
Copyright 2020 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 0.72% during January 2021. The indicator has risen during each of the last four months, suggesting that the Nebraska economy will expand solidly through mid- 2021. In January, the leading indicator primarily rose due to strong business expectations. Respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Overall, three of the six components of the leading indicator improved during January. Airline passenger counts rose modestly, while the value of the U.S. dollar fell. A weaker dollar is positive for Nebraska businesses which compete in international markets. In terms of declining indicators, building permits for single-family homes and manufacturing hours declined during the month. There also was an uptick in initials claims for unemployment insurance.
Comments
Prepared by the UNL College of Business, Bureau of Business Research