Bureau of Business Research
Bureau of Business Research Publications
Date of this Version
7-26-2024
Citation
Nebraska Monthly Economic Indicators: July 26, 2024
Bureau of Business Research, University of Nebraska-Lincoln
Abstract
Nebraska Monthly Economic Indicators: July 26, 2024, Bureau of Business Research, University of Nebraska-Lincoln.
Summary
The Leading Economic Indicator-Nebraska rose by 0.58% in June 2024. The increase in the leading indicator, designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through the end of 2024. There was an increase in manufacturing hours worked in June, as Nebraska continues to benefit from strong demand for food products and as U.S. manufacturing activity continues to improve. Business expectations remained positive. Respondents to the June Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Airline passenger counts and building permits for single-family homes also were up slightly in June.