Bureau of Business Research
Date of this Version
Spring 3-27-2024
Document Type
Article
Citation
Copyright 2024 Eric Thompson, UNL Bureau of Business Research
Abstract
The Leading Economic Indicator-Nebraska rose by a very rapid 3.48% in February 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that there will be strong growth in the Nebraska economy during the summer of 2024. Three components of the leading indicator improved significantly during February. There was a sharp increase in manufacturing hours worked, given the continued strong demand for food products. Business expectations also were strong. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The Nebraska home-building industry also showed signs of strength as building permits for single-family homes increased significantly.
Comments
Prepared by the UNL College of Business, Bureau of Business Research