Slight Increase Shown in Leading Economic Indicator for Nebraska
The Leading Economic Indicator in Nebraska rose onlyslightly by .09 percent in May following a solid increase of 1 percent inApril.
"The slight increase in the Leading EconomicIndicator-Nebraska during May failed to build on the solid increase observed inApril," shared University of Nebraska-Lincoln economist Eric Thompson, directorof the Bureau of Business Research. "This suggests moderate rather thanstrong growth in the Nebraska economy during the fall of 2013."
The Leading Economic Indicator-Nebraska looks at six growth indicators to predict future economic growth. They include: single-family buildingpermits, airline passenger counts, initial unemployment claims, manufacturinghours, value of the U.S. dollar, and business expectations gathered from theSurvey of Nebraska Business.
Some indicators grew in the latest indicator, but others declined causing the slump. Those seeing a decrease included manufacturing hours, unemployment claims and the value of the U.S. dollar, according to Thompson.
The full report can be found at http://www.cba.unl.edu.
The Leading Economic Indicator-Nebraska is produced by facultyand students in the Department of Economics and Bureau of Business Researchwithin the UNL College of Business Administration.