Date of this Version
The Leading Economic Indicator, December 20, 2013
The Leading Economic Indicator – Nebraska (LEI-N) declined by 0.59% during November 2013. The decrease in the LEI-N, which predicts economic growth in the state six months in the future, follows three months of expansion. Taking these four months together, the Nebraska economy is expected to expand at a moderate rate in the first half of 2014 but the rate of growth will slow by mid-2014. During November, two components of the indicator expanded and four declined. Among expanding components, there were small increases in both airline passenger counts and manufacturing hours. Among declining components, building permits fell on a seasonally-adjusted basis. There also was a decline business expectations. In particular, respondents to the Survey of Nebraska Business predicted a decline in sales at their business over the next six month. Initial unemployment claims also rose in November on a seasonally-adjusted basis. Finally, there was an increase in the value of the U.S. dollar during November, which creates a more difficult environment for the state’s exporting businesses.