Date of this Version
The Leading Economic Indicator, March 16, 2012
The Leading Economic Indicator – Nebraska (LEI‐N) rose for the third consecutive month in February 2012, posting a moderate 0.93% increase. The increase in the LEI‐N, which predicts economic growth in the state six months in the future, suggests that the Nebraska economy will grow at a moderate pace in mid‐2012. A declining U.S. dollar made the largest contribution to growth in the LEI‐N. Positive business expectations also contributed to the increase. Manufacturing hours, building permits, and the number of airline passengers were essentially unchanged. 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, indicating a weak economy in Nebraska in March and April of 2012.