Nebraska's Leading Economic Indicator Drops

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Updated: Fri, 15 Aug 2014 12:08:37 CST

For the first time in six months, Nebraska's leading economic indicator has dropped. This, according report from the UNL College of Business Administration.
In the month of July the indicator dropped .75 percent. That follows a 1.01 percent increase in June. UNL economist Eric Thompson says the results suggest that the rate of economic growth in Nebraska may slow in early 2015 after strong growth in the second half of 2014.

He goes on to say it will be critical to monitor indicator values over the next few months to see if this trend continues. While business expectations remained positive in July, a decrease in both single-family building permits and manufacturing hours contributed to the July indicator.

The study also shows initial unemployment claims rose last month.