Thursday, Nov. 4, 2010 | 4 p.m.
An index that predicts the Las Vegas economy rose for the second consecutive month.
The Southern Nevada Index of Leading Economic Indicators grew by 0.21 percent in October and is up 0.23 percent from October 2009, according to the Center for Business and Economic Research at UNLV, which released the report. The index measures economic activity in August and provides an outlook through Feb. 1.
Growth in gross gaming revenue was the primary contributor to the gain, said Stephen Brown, the center’s director.
“For the past 18 months, the index has provided no clear direction for the Southern Nevada economy,” Brown said. “Given the relatively small gains in the index over the past two months, a stronger showing is needed to provide evidence that the Southern Nevada economy is on the rise.”
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