Nebraska’s leading economic indicator rose again during December, according to the most recent report from the University of Nebraska–Lincoln.
The leading indicator rose 0.36%, marking the third consecutive monthly increase.
“The rising indicator suggests solid economic growth in the Nebraska economy through mid-2021,” said economist Eric Thompson, director of the Bureau of Business Research at the university.
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, there was a sharp drop in the value of the U.S. dollar.
“A cheaper dollar enhances the competitive position of manufacturers, agricultural producers and other businesses that export,” Thompson said.
Business expectations were one area of concern. Respondents to the December Survey of Nebraska Business expect business sales to decline over the next six months, although employment is expected to remain steady. Manufacturing hours worked also declined.