Modest pace expected for Nebraska economy

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Posted: Saturday, October 19, 2013 12:00 am

The Nebraska economy is expected to grow at a modest pace through early 2014, with the state’s economic forecast index increasing in September.

State economists said Friday the indicator improved because of a significant drop in initial unemployment claims, which followed a national trend, along with small increases in the number of building permits issued, the number of airline passengers, and a favorable change in the dollar exchange rate for exporters.

On the negative side, manufacturing hours and business expectations fell. Business owners who responded to a survey projected a slight decrease in sales over the next six months.

Nebraskans see mixed signals about the potential for economic growth, according to University of Nebraska-Lincoln economist Eric Thompson, director of the Bureau of Business Research in the College of Business Administration.

“Growth in Nebraska is limited by the same factors that are impacting the national economy, such as uncertainty about domestic economic policy and weaker economic growth overseas,” he said.

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