Index predicts modest growth in Nebraska during first half of 2017 « Back to Search Results
Nebraska is predicted to experience modest economic growth during the first half of 2017, the University of Nebraska-Lincoln’s Bureau of Business Research reported today.
That’s despite a slip in the state’s leading economic indicator, which edged below zero, or neutral, to negative 0.14 percent in October from a positive 1.14 percent in September, said economist Eric Thompson, the bureau’s director.
The index, a composite of six economic factors, is used to predict economic growth in the six months ahead. The value of each factor can range from negative 2.5 percent, which would indicate rapid economic decline, to 2.5 percent, indicating rapid growth. Zero percent signals a neutral outlook. When the six economic factors are added together they create a composite figure.
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