Bureau of Business Research
Date of this Version
8-26-2020
Document Type
Article
Citation
Copyright 2020 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose by 0.59% during July of 2020. July marked the third consecutive increase in the leading indicator after sharp declines in March and April. The July result indicates that the Nebraska economy will grow over the next 6 months, continuing a steady recovery from large economic losses in March and April. Five of the six components of the leading indicator improved during July. Airline passenger enplanements continued a steady rebound, and there was a modest increase in building permits for single-family homes. There also was a slight drop in initial claims for unemployment insurance and a drop in the value of the U.S. dollar in July. A lower U.S. dollar improves competitive conditions for agricultural producers, manufacturers, and other businesses which export. Business expectations were positive, according to the results of the monthly Survey of Nebraska Business. However, the manufacturing hours-worked dropped during July.
Comments
Prepared by the UNL College of Business, Bureau of Business Research