Nebraska’s leading economic indicator increased slightly in February, according to the most recent report from the University of Nebraska–Lincoln. The indicator, designed to predict economic activity six months into the future, rose 0.05%.
“The modest increase in the leading indicator suggests that the economy will continue to grow slowly, keeping the state economy out of recession over the next six months,” said economist Eric Thompson, director of the Bureau of Business Research, department chair and K.H. Nelson Professor of Economics.
The six components of Nebraska’s leading economic indicator are business expectations, building permits for single-family homes, airline passenger counts, initial claims for unemployment insurance, the value of the U.S. dollar and manufacturing hours worked.
Half of the components improved during February. Manufacturing hours increased, and business expectations improved.
Source: unl.edu
Categories: Nebraska, Business, Education