Date of this Version
The Leading Economic Indicator, May 18, 2012
The Leading Economic Indicator – Nebraska (LEI‐N) increased at a moderate 0.44% rate during April 2012. The increase in the LEI‐N, which predicts economic growth in the state six months in the future, signals that the Nebraska economy will grow during the fall of 2012. However, recent evidence signals modest growth. The LEI‐N grew by 0.44% in April but declined during March. Further, there was mixed evidence of growth among the underlying components of the leading indicator. Rising manufacturing hours, positive business expectations, and declining initial unemployment claims all point to future growth. But, other components declined. Building permits and airline passenger counts fell during April. The value of the U.S. dollar also rose, limiting future exports and growth.