Nebraska's Leading Economic Indicator, produced by the University of Nebraska-Lincoln's Department of Economics and Bureau of Business Research, shows that Nebraska business grew slightly in February.
The report looks at six components that predict future economic growth: single-family building
permits, airline passenger counts, initial unemployment claims, manufacturing
hours, the value of the U.S. dollar, and business expectations gathered from
the Survey of Nebraska Business.
According to the Indicator which showed an increase of 0.16 percent in February, the state's economy is expected to grow moderately in the summer months.
"Strong growth in business expectations led to the
rise," said UNL economist Eric Thompson, director of the Bureau of
Business Research. "Respondents to the Survey of Nebraska Business
predicted solid increases in sales and employment in their businesses over the
next six months."