Director Eric Thompson says the survey of Nebraska businesses has shown consistent growth.
“This is the fourth consecutive monthly increase, suggesting the Nebraska economy should be solid throughout the rest of the year,” Thompson tells Nebraska Radio Network affiliate KLIN. “So, positive reading from the leading indicator.”
Thompson says Nebraska’s Leading Economic Indicator is again up for March with Nebraska businesses optimistic about both sales and hiring.
“There also was a turn-around in single-family housing building permits,” according to Thompson. “So, even after adjusting for seasonality, those were up in March as well. So, some positive indicators for our economy.”
Agiculture continues to lag, though.
Thompson says a stronger dollar has put pressure on crop prices and limited the economic growth of row-crop farming.
Thompson says the fact that the indicator is up for a fourth straight month suggests the state economy will continue to grow through 2015.
Jane Monnich, KLIN, contributed to this report.