Bureau of Business Research
Date of this Version
7-24-2020
Document Type
Article
Citation
Copyright 2020 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 1.72% during June of 2020. The June increase followed sharp declines in March and April. The June result indicates that the Nebraska economy will grow over the next 6 months, continuing the steady recovery from large economic losses in March and April. All six components of the leading indicator improved during June. The slow rebound in airline passenger enplanements continued, and manufacturing hours-worked increased. There also was a slight drop in initial claims for unemployment insurance and a drop in the value of the U.S. dollar in June. A lower U.S. dollar improves competitive conditions for agricultural producers, manufacturers, and other businesses which export. Business expectations also were positive, according to the results of the monthly Survey of Nebraska Business.
Comments
Prepared by the UNL College of Business, Bureau of Business Research