Nebraska economic indicator drops in September | Nebraska today

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Nebraska’s leading economic indicator fell in September, according to the most recent report from the University of Nebraska-Lincoln. The leading indicator, designed to predict economic activity in six months, fell 0.91%.

“The moderate decline suggests that economic growth will slow significantly in Nebraska during the first quarter of 2022,” said economist Eric Thompson, director of the Bureau of Business Research and KH Nelson Professor of Economics. “The economy will grow, but at a lukewarm pace. “

The six components of the Nebraska Leading Economic Indicator are business expectations, building permits for single-family homes, number of air passengers, initial unemployment insurance claims, value of we dollar and manufacturing hours worked.

Most components of the leading indicator fell in September, including building permits for single-family homes.

“Home building activity continues to be hampered by a limited availability of building materials and workers,” Thompson said.

Manufacturing hours worked also declined. September’s drop breaks a streak of steady expansion in manufacturing activity in Nebraska in 2021.

“As demand remains strong for food products, manufacturing growth is expected to return in the coming months,” said Thompson.

The number of air passengers has also declined in Nebraska. There has been a nationwide slowdown in airline activity as COVID-19 cases increased in September.

“Business expectations remain a bright spot for the Nebraska economy,” Thompson said.

Respondents to the September Nebraska Business Survey reported plans to increase sales and employment over the next six months.

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


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