Nebraska’s leading economic indicator rose in February, according to the most recent report from the University of Nebraska–Lincoln. The indicator, designed to predict economic activity six months into the future, increased by a rapid 2.41%
“The February value for the indicator suggests that the Nebraska economy had strong momentum at the beginning of the year,” says economist Eric Thompson, director of the Bureau of Business Research. “The rate of growth, however, will moderate in the coming months as energy prices and interest rates increase.”
The six components of Nebraska’s leading economic indicator are business expectations, building permits for single-family homes, airline passenger counts, initial claims for unemployment insurance, the value of the U.S. dollar and manufacturing hours worked.
The full report and a technical report describing the indicators are available at the Bureau of Business Research website, https://bbr.unl.edu.