Economic Indicator Maintains Bumpy Pattern, Falls in January - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Economic Indicator Maintains Bumpy Pattern, Falls in January

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Keeping with the a recent up-and-down trend, Nebraska's Leading Economic Indicator saw a decline in January after strong gains in December.

The indicator fell by nearly 1 percent in January, but University of Nebraska-Lincoln economist Eric Thompson says he is still expecting to see growth in the state's economy.

"Increases in the indicator have been larger than the declines in recent months, implying an overall increase in the indicator," explained Thompson. "This suggests economic growth in Nebraska during 2014."

The Leading Economic Indicator is produced each month by faculty and students in UNL's Department of Economics and the Bureau of Business Research in the College of Business Administration.

It is used to predict Nebraska's economic growth for the next six months. Predictors used in the report include: single-family building permits, airline passenger counts, initial unemployment claims, manufacturing hours, the value of the U.S. dollar, and business expectations as reported in the monthly Survey of Nebraska Business.

In January, the report found manufacturing hours had increased, but all other components declined.

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