Bureau of Business Research
Date of this Version
2015
Document Type
Article
Citation
Prepared by the UNL College of Business Administration, Department of Economics
Abstract
The Leading Economic Indicator – Nebraska (LEI-N) rose by 1.06% in October 2015. The increase in the LEI-N, which predicts economic growth in the state six months in the future, followed a decline during September. Taken together, results for the two months suggest that economic growth will be modest in Nebraska at the beginning of 2016. Most components of the LEI-N improved during October. There was an increase in manufacturing hours and airline passenger counts. There also was a drop in initial claims for unemployment insurance and the value of the U.S. dollar. The decline in the value of the dollar will support Nebraska’s export businesses in agriculture and manufacturing. There was just one LEI-N component which worsened during October. Specifically, there was a decline in building permits for single-family homes during the month.
Comments
Copyright 2015 Eric Thompson and William Walstad