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Solid economic growth will continue in Nebraska through early 2019, according to the most recent leading economic indicator report from the University of Nebraska-Lincoln.

The indicator, a composite of economic factors that predict economic growth six months into the future, rose by 1 percent in August.

Economist Eric Thompson, director of the Bureau of Business Research at the university, said improvement in the indicator in August after the "tepid growth seen during the previous three months,” suggests economic growth will be solid in January and February of next year

“For the second consecutive month, positive business expectations, rising manufacturing activity and an increase in airline passenger counts all contributed to improvement in the leading indicator,” Thompson said in a news release. There also was a drop in initial claims for unemployment insurance in Nebraska during August.

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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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