An economist with the University of Nebraska expects strong economic growth in the state through the remainder of the year.
The director of the Bureau of Business Research on the Lincoln campus, Eric Thompson, says the bureau’s leading economic indicator report has been trending upward.
“This is the third month out of four where it has risen quite sharply,” Thompson tells Nebraska Radio Network affiliate KLIN. “That’s very positive indicator for the Nebraska economy during the second half of the year. We should expect strong economic growth, at least in our state, in the second half of 2016.”
Thompson says Nebraska business owners remain optimistic, manufacturing hours have increased, airline passenger counts are up, and unemployment claims are down.
There are two negative trends emerge in the report. Single-family homes permits are down a bit. An increase in the value of the dollar is hurting exports from Nebraska.
The bureau tracks the economy through its leading economic indicator report. The rapid increase in June followed two sharp increases in March and April.
The leading economic indicator report is produced monthly by faculty and students in the economics department and the Bureau of Business Research in the College of Business Administration at the University of Nebraska at Lincoln.
Click here to get the full report.
Jane Monnich, KLIN, contributed to this report.