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A University of Nebraska-Lincoln index that predicts the state's future economic growth has declined for the first time in nearly a year.

Nebraska’s leading economic indicator fell 0.35 percent in September, its first decline since October 2017.

Because the indicator predicts economic conditions six months in the future, the decline "suggests that Nebraska’s economic growth, which is currently quite strong, will slow in the coming months,” economist Eric Thompson, director of the Bureau of Business Research at UNL, said in a news release.

Of the six components that make up the index, four of them were negative in September, Thompson said. Airline passenger counts and building permits both declined, while initial unemployment claims and the value of the dollar both rose.

The full report is available at the Bureau of Business Research website, bbr.unl.edu.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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