Date of this Version
Prepared by the UNL College of Business Administration, Department of Economics
The Leading Economic Indicator – Nebraska (LEI-N) fell by 0.14% during October of 2016. The decline in the LEI-N, which predicts economic activity six months in the future, suggests that economic growth will be modest in Nebraska during the first half of 2017. Two of the six components of the LEI-N were negative during October. Airline passenger counts declined during the month, falling back after a sharp increase in September. There also was another increase in the value of the U.S. dollar during October, a negative for export-oriented businesses in Nebraska. Three components of the indicator rose during October, but the increases were small. There was a small increase in manufacturing hours, building permits for single-family homes, and business expectations. There was little change in initial claims for unemployment insurance during October.