Real Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States
IPUBN21211T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.35
Year-over-Year Change
-50.52%
Date Range
1/1/1987 - 1/1/2024
Summary
The 'Real Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States' measures the volume of production in the coal mining industry. This economic indicator is crucial for understanding trends in a key energy sector and overall industrial activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the real (inflation-adjusted) output of the coal mining industry, which is a vital component of the U.S. energy and industrial landscape. Analysts and policymakers use this data to assess the health and competitiveness of the coal mining sector and its broader economic impacts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of production volumes in the coal mining industry.
Historical Context
This index provides important insights for energy and environmental policy, as well as economic analysis of industrial and commodity markets.
Key Facts
- Coal mining is a major U.S. industry, accounting for over $20 billion in annual revenue.
- Coal provides about 20% of U.S. electricity generation, making it a crucial energy source.
- U.S. coal mining productivity has doubled over the past three decades.
FAQs
Q: What does this economic trend measure?
A: This index tracks the real (inflation-adjusted) output volume of the coal mining industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into the health and competitiveness of the U.S. coal mining sector, which is a vital component of the energy and industrial landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on surveys of production volumes in the coal mining industry.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and market analysts to assess the state of the energy sector and inform decisions around energy, environmental, and industrial policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Mining: Coal Mining (NAICS 21211) in the United States (IPUBN21211T010000000), retrieved from FRED.