Confidence in the Nebraska economy remains strong, though it has sagged a bit, according to the latest survey taken by the Bureau of Business Research at the University of Nebraska – Lincoln.
Director Eric Thompson says the drop could be somewhat expected.
“If you could characterize the first half of the year as an exuberant period, where people were excited and confident about the future, you would have to say the last two months, July and August that exuberance has come down to earth and people have a quiet confidence, but not a strong confidence as they had before,” Thompson tells Nebraska Radio Network affiliate KLIN.
Thompson says the excitement displayed during the first half of the year has come “down to earth.”
“You have to think that people were very excited in a state like Nebraska especially about the new administration and they’re still positive about the future, but perhaps some of that excitement has worn off,” according to Thompson.
Thompson says people still have a quiet confidence, but not the strong confidence they had before. More than half of the respondents said they worry about the cost of living, especially health care costs and taxes.
Confidence fell in the latest survey, both on the consumer and the business side.
Click here for the full Bureau of Business Research survey results.
Jane Monnich, KLIN, contributed to this story.