According to economists at the University of Nebraska-Lincoln, the Leading Economic Indicator for Nebraska rose by more than 1 percent in April.
The indicator is a composite of six growth indicators including: 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. This is designed to predict the state's economic growth six months in the future.
According to UNL economist Eric Thompson, the increase in April suggests moderate growth for Nebraska's economy come fall.
"There was broad-based improvement in the leading economic indicator during April," explained Thompson. "Five of the six components rose during the month. The sixth indicator, manufacturing hours, was unchanged."
The Leading Economic Indicator for Nebraska is calculated by faculty and students in the Department of Economics and Bureau of Business Research within the UNL College of Business Administration.