Bureau of Business Research
Date of this Version
11-25-2020
Document Type
Article
Citation
Copyright 2020 Eric Thompson, UNL Bureau of Business Research
Abstract
The LEI-N rose during October 2020, by 1.83%. The rising indicator confirms that the Nebraska economy should continue to expand over the next 6 months. Five of the six components of the leading indicator improved during October. Manufacturing hours-worked rebounded in October after declining over the previous 3 months. Business expectations also were positive, with respondents to the October Survey of Nebraska Business reporting plans to increase employment over the next 6 months. The value of the U.S. dollar also declined, which will improve competitive conditions for Nebraska businesses that export. Building permits for single-family homes and airline passenger enplanements also grew modestly during October. Initial claims for unemployment insurance were flat for the month.
Comments
Prepared by the UNL College of Business, Bureau of Business Research