Nebraska is expected to experience moderate economic growth in the first quarter of next year.
That is the forecast from the University of Nebraska-Lincoln Bureau of Business Research.
Director Eric Thompson says many components of their indicator are up.
“There was strong growth in airline passenger counts in the state,” Thompson tells Nebraska Radio Network affiliate KLIN. “Also, improvement in manufacturing hours and a dip in initial claims for unemployment insurance, and the businesses that we survey each month were pretty positive in their outlook for sales and employment over the next six months.”
Thompson cautions that not all signs are positive in the near future.
“We’ll have to pay attention to the indicator the next few months to see if we stay with the signals of a solid economy or if we fall back towards weaker growth,” he says. “There are some things working against the Nebraska economy. We’re a very export-based economy and the value of the dollar has been rising again.”
Thompson says there also was a decline in building permits for single family homes in Nebraska.
Jane Monnich, KLIN, contributed to this story.