Nebraska’s economy is expected to grow solidly during the summer months, according to the University of Nebraska-Lincoln’s Bureau of Business Research.
Director Eric Thompson says the latest leading economic indicator improved nearly a full point in February.
“This strong increase was due to positive news across the board,” Thompson tells Nebraska Radio Network affiliate KLIN. “Business expectations remain strong, especially for employment growth. There was a drop in initial claims for unemployment insurance.”
There was an increase in building permits for single family homes and passenger enplanements rose as well.
Thompson says the big news was the declining value of the U.S. dollar.
“Which should be good news for our manufacturing and agricultural sectors,” Thompson says.
You can see the full report HERE.
Jane Monich, with affiliate KLIN, contributed to this report.