Moderate Economic Growth Expected In Nebraska Next Year
Posted: 19 November, 2013
LINCOLN (NRN) - An economic indicator suggests moderate growth in the state economy next year. The Leading Economic Indicator for Nebraska dropped slightly in October, down .08%.
The Bureau of Business Research at the University of Nebraska-Lincoln’s College of Business Administration produces the monthly indicator. Bureau Director Eric Thompson says the federal government shutdown might have had an impact on the Survey of Nebraska Businesses. A sharp drop in crop prices might have prompted a decline in businesses expectations, according to the survey results. The slight drop in October followed two months of solid growth in August and September. The Leading Economic Indicator for Nebraska is a composite of six components which 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.