The Leading Economic Indicator for Nebraska rose by 0.87 percent in June, suggesting moderate growth in the Nebraska economy at the end of the year.
Faculty and students in the Department of Economics and Bureau of Business Research in the UNL College of Business Administration calculate the Leading Economic Indicator for Nebraska as a composite of six components: 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.
A drop in initial unemployment claims was the primary reason for the increase. Single-family building permits also increased during June, in line with the continued improvement in the housing market. Airline passenger counts and manufacturing hours declined slightly, while exporters were hurt by a rise in the value of the dollar.