Nebraska Monthly Economic Indicators: July 24, 2019

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.29% during June of 2019. The decline in the LEI-N, which is designed to predict economic activity six months into the future, implies slowing economic growth in Nebraska towards the end of 2019. The leading indicator declined due to an increase in initial claims for unemployment insurance and a drop in both airport passenger enplanements and manufacturing hours. In addition, business expectations, which had been strong throughout the year, moderated during June. Respondents to the June Survey of Nebraska Business reported plans for only a modest increase in employment at their businesses over the next six months