Another Rise In Nebraska's Leading Economic Indicator

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Updated: Fri, 18 Jul 2014 12:27:49 CST

A report from the UNL College of Business Administration saw a rise in Nebraska's Leading Economic  Indicator for the fifth straight month this year. In the month of June, the indicator grew just over 1 percent.

UNL economist Eric Thompson says the increase suggests the Nebraska economy is slowly gaining momentum over the course of the year, with the strongest growth to occur in the second half of 2014.

The indicator has shown slow, but steady, improvement since February. June's increase was spurred by slight growth in home building, a moderate reduction in first-time unemployment claims and moderate improvement in business expectations.

However, there were modest declines in airline passenger counts and manufacturing hours.