LINCOLN- According to two reports released earlier this week, Nebraska's economy could be headed for a slowdown over the next few months, despite recent revenue increases. One of the studies, released by Creighton University's Mid-America Business Conditions Index, suggested that Nebraska's economic conditions have fallen below growth neutral.

Overall, and according to the report, Nebraska's index fell from 50.8 in June to 46.1 in July, with anything below 50 indicating a decline in economic conditions. "This is the lowest overall reading since the beginning of the pandemic in May 2020," said Ernie Goss, director of Creighton's Economic Forecasting Group. For this reason, according to Goss, a recession in the second half of the year is still very much a possibility.

The second report, detailed by the Nebraska Business Conditions Index, indicates an even lower economic dip, from 46.1 in June to 40.4 in July. The state's Leading Economic Indicator grew only 0.06% in June in its worst performance since December, suggesting that the rate of economic growth in Nebraska will slow by the end of 2023.

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