The Leading Economic Indicator in Nebraska rose only
slightly by .09 percent in May following a solid increase of 1 percent in
"The slight increase in the Leading Economic
Indicator-Nebraska during May failed to build on the solid increase observed in
April," shared University of Nebraska-Lincoln economist Eric Thompson, director
of the Bureau of Business Research. "This suggests moderate rather than
strong 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 building
permits, airline passenger counts, initial unemployment claims, manufacturing
hours, value of the U.S. dollar, and business expectations gathered from the
Survey 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.