Date of this Version
The Leading Economic Indicator, February 17, 2012
The Leading Economic Indicator – Nebraska (LEI-N) grew for the second consecutive month in January 2012, posting a moderate 0.51% increase. The increase in the LEI-N, which predicts state economic growth 6 months in the future, suggests that the Nebraska economy will grow at a moderate pace in mid-2012. A declining U.S. dollar, a rise in the number of airline passengers, and improving business expectations all contributed to the increase in the LEI-N in January 2012. Manufacturing hours and building permits were essentially unchanged and rising initial unemployment claims detracted from growth in the leading indicator. Looking at earlier months, the LEI-N declined in September, October, and November 2011, suggesting a weak economy in Nebraska from February through April 2012.