Real Sectoral Output for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States
IPUBN21232T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.95
Year-over-Year Change
42.41%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the real output of the sand, gravel, clay, and ceramic and refractory minerals mining and quarrying industry in the United States. It provides an important indicator of activity in the construction materials sector.
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
The Real Sectoral Output for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States is a key data series that tracks the real, inflation-adjusted output of this specialized mining industry. It is a useful proxy for construction materials supply and demand.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Historical Context
This trend is closely watched by economists, policymakers, and industry analysts to assess the health of the construction materials supply chain.
Key Facts
- The mining and quarrying of sand, gravel, clay, and ceramic/refractory minerals is a key input for the construction industry.
- This industry accounts for around 1% of total U.S. industrial production.
- Output in this sector has rebounded since the 2008-2009 recession but remains below pre-pandemic levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the sand, gravel, clay, and ceramic and refractory minerals mining and quarrying industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides an important indicator of activity and supply in the construction materials sector, which is closely watched by economists, policymakers, and industry participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the health of the construction materials supply chain and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of around 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Mining: Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying (NAICS 21232) in the United States (IPUBN21232T010000000), retrieved from FRED.