Nebraska economic indicator rebounds, suggesting growth in fall
Released on 05/17/2013, at 2:00 AM
Office of University Communications
University of Nebraska–Lincoln
The Leading Economic Indicator for Nebraska rose by 1.16 percent in April, Universityof Nebraska-Lincoln economists said this week. This increase in the state indicator, designed to predict economic growth six months in the future, follows a decline in March.
The Leading Economic Indicator for Nebraska is calculated by faculty and students in the Department of Economics and Bureau of Business Research within the UNL College of Business Administration.
It is a composite of six components that predict future economic growth: 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.
The increase in the indicator in April suggests moderate growth in the Nebraska economy this fall, said UNL economist Eric Thompson, director of the Bureau of Business Research.
"There was broad-based improvement in the leading economic indicator during April," he said. "Five of the six components rose during the month. The sixth indicator, manufacturing hours, was unchanged."
The full Nebraska Monthly Economic Indicators report and a Technical Report describing the latest indicators are available at the UNL College of Business Administration website, http://www.cba.unl.edu.
News Release Contacts:
- Eric Thompson, Professor, Economics