While businesses and households in Nebraska remain positive about the state’s economy, the latest University of Nebraska Bureau of Business Research monthly survey shows confidence may be waning.
Dr. Eric Thompson, Bureau director, says taxes and the cost of health care were the most common concerns of households.
“That’s partly related to government policy, but also just seems to be increased tendency for consumers to be a little more discerning in their health care spending and, also, insurance companies being more of a challenge in terms of reimbursements,” Thompsons tells Nebraska Radio Network affiliate KLIN in Lincoln.
Trade continues to be a concern affecting national and Nebraska economic growth.
“Until some of these trade disputes are settled, that can be a bit of a drag on economic growth,” Thompson explains. “Not knowing what the rules of international trade are going to be and concerns about whether markets will be restricted going forward.”
Nebraska’s agricultural economy is very dependent on exporting goods to some of the countries having trade disputes with the United States.
Jane Monnich, KLIN in Lincoln, contributed to this report.