Nebraska enterprise confidence surged once more in March, in line with the newest month-to-month survey from the Bureau of Enterprise Analysis on the College of Nebraska–Lincoln.
The Enterprise Confidence Index-Nebraska rose from a price of 97.1 in February to 107.7 in March. The March studying is nicely above the impartial stage of 100.
The index displays each current situations and expectations concerning the subsequent six months. The expectations part of the index was particularly robust, with a studying of 124.6 in March.
“Robust expectations recommend that companies are planning for fast financial development in Nebraska over the following six months,” mentioned Eric Thompson, an economist who serves as bureau director.
Twenty-one p.c of enterprise respondents talked about the COVID-19 pandemic as their high enterprise concern. One other 23% centered on buyer demand with out particularly mentioning COVID-19. Provide points additionally have been an element. Seventeen p.c of responding companies indicated that the standard and availability of labor was their high concern, whereas one other 12% selected the price of items and companies. 13 p.c talked about a problem with operations, similar to gathering charges or controlling bills.
The surveys are despatched every month to 500 randomly chosen Nebraska companies. Throughout March, 93 companies responded to the Survey of Nebraska Enterprise, for a response price of 19%.