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Nebraska Monthly Economic Indicators: December 21, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: December 21, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 0.96% during November 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska during the second quarter of 2022. There were positive business expectations in November and an increase in manufacturing hours-worked and building permits for single-family homes. There also was a decline in initial claims for unemployment insurance. However, there was another increase in the value of the U.S. dollar during November. A higher dollar is challenging for Nebraska businesses that compete in international markets.
Nebraska Monthly Economic Indicators: November 24, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: November 24, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 0.61% during October 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska during the spring of 2022. There was an increase in building permits for single-family homes in October and positive business expectations. There also was a decline in initial claims for unemployment insurance. However, several indicator components worsened during October. Airline passenger counts and manufacturing hours worked both declined slightly. There also was a modest uptick in the value of the U.S. dollar. A higher dollar is challenging for …
Nebraska Monthly Economic Indicators: October 27, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: October 27, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N fell by 0.91% during September 2021. The decline in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will slow significantly in Nebraska during the first quarter of 2022. While business expectations remained solid, other components of the leading indicator worsened. Manufacturing hours worked, airline passenger counts, and building permits for single-family homes all declined. There also was an increase in initial claims for unemployment insurance during the month.
Nebraska Monthly Economic Indicators: September 22, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: September 22, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 0.79% during August 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will be moderate in Nebraska during the first months of 2022. Growth will decline from the rapid increases seen during 2021. Three components of the leading indicator improved during August. Building permits for single-family homes bounced back in August after weak permit activity in July. There also was growth in manufacturing hours worked during the month. Finally, respondents to the August Survey of Nebraska Business reported plans to increase sales …
Nebraska Monthly Economic Indicators: August 25, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: August 25, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N fell by 0.17% during July 2021, the first decline in ten months. The decline in the leading indicator, which is designed to predict economic activity six months in the future, suggests that economic growth will slow in Nebraska during the first months of 2022. Four components of the leading indicator worsened during July. Building permits for single-family homes declined while there was a small drop in manufacturing hours-worked. Initial claims for unemployment insurance and the value of the U.S. dollar also rose during July. A rising U.S. dollar is challenging for Nebraska businesses, which compete in international markets. …
Nebraska Monthly Economic Indicators: July 28, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: July 28, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 1.17% during June 2021, the ninth consecutive monthly increase. Steady improvement in the leading indicator implies that economic growth will be strong in Nebraska during the second half of 2021. Three components of the leading indicator rose during June. Business expectations, airline passenger counts, and initial claims for unemployment insurance all showed improvement. Specifically, respondents to the June Survey of Nebraska Business reported plans to increase sales and employment in the state over the next six months. Airline passenger enplanements rose sharply as the industry moved closer to pre-pandemic levels of activity. Initial claims for unemployment …
Nebraska Monthly Economic Indicators: June 30, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: June 30, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 2.33% during May 2021, the third month in a row of rapid growth and the eighth consecutive monthly increase. Rapid improvement in the leading indicator implies that economic growth will be strong in Nebraska during the second half of 2021. All six components of the leading indicator rose during May. Business expectations, manufacturing hours-worked, and airline passenger counts were the strongest components. Respondents to the May Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours-worked grew rapidly while airline passenger enplanements also rose sharply as the industry …
Nebraska Monthly Economic Indicators: May 26, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: May 26, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 1.96% during April 2021. The leading indicator rose due to strong business expectations, increased manufacturing activity, and growing airline passenger counts. Respondents to the April Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The value of the U.S. dollar also fell during April, improving prospects for Nebraska businesses that compete in international markets. The composite LEI-N has risen during each of the last seven months, suggesting that the Nebraska economy will expand at a robust pace through the second half of 2021.
Nebraska Monthly Economic Indicators: April 28, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: April 28, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 1.49% during March 2021. The indicator has risen during each of the last six months, suggesting that the Nebraska economy will expand at a robust pace through the summer of 2021. In March, the leading indicator primarily rose due to strong business expectations and rising airline activity. The pace of recovery in airline passenger enplanements improved during March. In addition, March respondents to the Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Manufacturing hours worked also rose in March while there was a small decline in initial claims …
Nebraska Monthly Economic Indicators: March 31, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: March 31, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 1.05% during February 2021. The indicator has risen during each of the last five months, suggesting that the Nebraska economy will expand solidly through the summer of 2021. In February, the leading indicator primarily rose due to increased manufacturing activity and strong business expectations. There was a large increase in manufacturing hours worked and respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Airline passenger counts also rose modestly, while there was a small decline in initial claims for unemployment insurance on a seasonally-adjusted basis. …
Nebraska Monthly Economic Indicators: February 24, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: February 24, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 0.72% during January 2021. The indicator has risen during each of the last four months, suggesting that the Nebraska economy will expand solidly through mid- 2021. In January, the leading indicator primarily rose due to strong business expectations. Respondents to the January Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Overall, three of the six components of the leading indicator improved during January. Airline passenger counts rose modestly, while the value of the U.S. dollar fell. A weaker dollar is positive for Nebraska businesses which compete in international …
Nebraska Monthly Economic Indicators: January 29, 2021, Eric Thompson
Nebraska Monthly Economic Indicators: January 29, 2021, Eric Thompson
Leading Economic Indicator Reports
The LEI-N rose by 0.36% during December 2020. The indicator has risen during each of the last three months. The rising indicator suggests that the Nebraska economy will expand solidly over the next 6 months. Three of the six components of the leading indicator improved during December. Building permits for single-family homes and airline passenger counts both rose modestly. Further, the value of the U.S. dollar dropped sharply in December, which will improve competitive conditions for agricultural producers, manufacturers, and other Nebraska businesses that export. Business expectations, however, were one area of concern. Respondents to the December Survey of Nebraska …