LINCOLN- An index produced and released by the University of Nebraska-Lincoln indicated that Nebraska had its best economic performance in December compared to the previous nine months. "The increase in the leading indicator suggests that the Nebraska economy will grow at a moderate pace in the first half of 2024," said Eric Thompson, director of the Bureau of Business Research.

The indicator, which is designed to predict economic activity six months into Nebraska's future, has six different components. Three of those components improved significantly in December, according to Thompson. These included an increase in air travel, increased sales and employment, and a decrease in the value of the U.S. dollar, which was advantageous for the state.

"An increase in leisure travel implies that households feel confident about their jobs and income, while an increase in business travel suggests that firms are coordinating new activity with customers and suppliers," said Thompson.

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