Bureau of Business Research
Date of this Version
9-27-2024
Document Type
Article
Abstract
The Leading Economic Indicator-Nebraska fell by 0.69% in August 2024, after rising in both June and July. The decrease in the leading indicator, designed to predict economic growth six months into the future, implies that the Nebraska economy will grow at a moderate pace through the end of 2024 and in early 2025. There was a decrease in manufacturing hours worked in August, as weakness in the national manufacturing sector spread to Nebraska. There was also a drop in building permits for single-family homes, suggesting that state homebuilding activity remains subdued.
