The May Nebraska Leading Economic Indicator was moderately higher gaining 0.26% as strong demand for food products helped boost manufacturing hours worked.
Single family home building permits declined slightly and the initial unemployment claim component index dropped 0.18%. The 4 other components making up the index were all higher.
Business expectations were the strongest during the month gaining 0.29%.
The index is designed to predict economic growth six months into the future and implies that the Nebraska economy will grow through the end of 2024.
The full report is available from the University of Nebraska Bureau of Business Research and can be accessed here