Date of this Version
Prepared by the UNL College of Business Administration, Department of Economics
The Leading Economic Indicator – Nebraska (LEI-N) rose by 0.17% in July 2015, its fourth consecutive increase. The modest increase in the LEI-N, which predicts economic growth in the state six months in the future, portends consistent economic growth in Nebraska through the end of 2015 and early 2016. The leading economic indicator rose because of growth in passenger enplanements and single-family home building permits during July and strong business expectations. In particular, respondents to the monthly Survey of Nebraska Business were positive about sales and employment growth over the next six months. Among other components of the leading indicator, there was a modest decline in manufacturing hours. There also was a sharp increase in the value of the U.S. dollar. A rising dollar creates headwinds for the state economy by weakening the competitive position of Nebraska export businesses in manufacturing and agriculture.