Solid economic growth will continue in Nebraska through early 2019, according to the most recent leading economic indicator report from the University of Nebraska–Lincoln.

The indicator, a composite of economic factors that predict economic growth six months into the future, rose by 1 percent in August.

“The leading indicator grew solidly in August, improving on the tepid growth seen during the previous three months,” said economist Eric Thompson, director of the Bureau of Business Research at the university. “Stronger growth in the leading indicator suggests that economic growth will be solid rather than slow in January and February 2019.

“For the second-consecutive month, positive business expectations, rising manufacturing activity and an increase in airline passenger counts all contributed to improvement in the leading indicator.”

There also was a drop in initial claims for unemployment insurance in Nebraska during August.

The leading economic indicator report is produced monthly by faculty and students in the Bureau of Business Research in Nebraska’s College of Business.

Read the full report and a technical report describing the indicators.

Video: Eric Thompson discusses the August leading economic indicator report