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November 29, 2009

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Predictions mixed for Las Vegas

Friday, July 9, 1999 | 11:24 a.m.

UNLV said its Southern Nevada Index of Leading Economic Indicators posted a decline of .15 percent from May to June. The forecast is for October and is based on April data.

The decline was caused by reductions in residential building permits issued, taxable sales, traffic at McCarran International Airport, gaming revenue, visitor volume and convention attendance.

Gasoline sales and commercial building permit valuation increased.

Despite the one-month decline, the index has moved up modestly over the last six months. It's calculated by UNLV's Center for Business and Economic Research.

Separately, Nevada State Bank said its Small Business Index for Nevada increased in June as Nevada's unemployment rate rose to 4.3 percent in May from 4.1 percent in April, making it easier for small businesses to find workers.

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