Nebraska’s Leading Economic Indicator fell again in October, according to the most recent report from the University of Nebraska–Lincoln. Designed to predict economic activity six months into the future, the Leading Economic Indicator dropped by 0.12%.
“The leading indicator has dropped in four of the last six months, suggesting that there will be no growth in the Nebraska economy in early 2023.” said economist Eric Thompson, director of the Bureau of Business Research, department chair and K.H. Nelson College Professor of Economics.
The six components of Nebraska’s Leading Economic Indicator include 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.
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