Bureau of Business Research
Bureau of Business Research Publications
Date of this Version
7-3-2024
Citation
Nebraska Monthly Economic Indicators: July 3, 2024
Bureau of Business Research, University of Nebraska-Lincoln
Abstract
Nebraska Monthly Economic Indicators: July 3, 2024, Bureau of Business Research, University of Nebraska-Lincoln.
Summary
The Leading Economic Indicator-Nebraska rose by 0.26% in May 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 May, as Nebraska continues to benefit from strong demand for food products. Business expectations remained positive. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months.