It appears the state economy is gaining steam.
At least that is how it appears in the latest economic indicator report from the Bureau of Business Research at the University of Nebraska – Lincoln.
“The improvement in the indicator suggests that Nebraska’s economic growth will pick up during the middle of the year,” Bureau Dir. Eric Thompson tells Nebraska Radio Network affiliate KLIN.
The indicator, which is a composite of a number of economic factors, rose by nearly 2% in January, an indication the state economy will grow during the second half of the year.
Thompson says the survey has seen business expectations grow.
“Business expectations have been solid for the last several months,” according to Thompson. “So, I’m expecting business expectations about sales and employment to continue to be a positive component of the leading economic indicator over the next few months.”
Thompson says a stable dollar has helped, fueling expectations for the state’s exporters, especially after rapid increases in the second half of last year hurt export sales.
Unemployment insurance claims fell sharply in January, which reversed a sharp increase in December.
Jane Monnich, KLIN, contributed to this report.