Nebraska Monthly Economic Indicators: August 21, 2019

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 2.66% during July of 2019. The sharp increase in the LEI-N, which is designed to predict economic activity six months into the future, implies solid economic growth in Nebraska through the end of 2019 and into early 2020. The leading indicator rose primarily due to a sharp drop in initial claims for unemployment insurance during July as well as strong business expectations. Respondents to the July Survey of Nebraska Business reported plans to increase in sales and employment at their businesses over the next six months