Nebraska’s leading economic indicator rose strongly during January, according to the most recent report from the University of Nebraska-Lincoln.

The leading indicator, a composite of economic factors that predict economic growth six months into the future, jumped 1 percent, its strongest growth since February 2018.

“The increase suggests that economic growth will continue in Nebraska through the third quarter of 2019,” economist Eric Thompson, director of the Bureau of Business Research at the university, said in a news release.

Strong business expectations are the primary reason for the jump in the indicator in January. Respondents to the monthly Survey of Nebraska Business reported plans to increase both sales and employment over the next six months.

A drop in the U.S. dollar also contributed to the increase, Thompson said.

To see the full report, go to 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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