Sectoral Output for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States
IPUBN212T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,691.52
Year-over-Year Change
12.65%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the mining sector, excluding oil and gas, in the United States. It is a key indicator of industrial activity and can provide insights into the overall health of the economy.
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 Sectoral Output for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States trend represents the monthly industrial production index for the mining industry, excluding oil and gas extraction. This data is used by economists and policymakers to assess the performance and trends within the broader mining sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from mining companies.
Historical Context
This trend is often used to gauge the state of the industrial economy and can inform policy decisions related to economic growth, trade, and resource management.
Key Facts
- The mining sector, excluding oil and gas, accounts for approximately 3% of U.S. industrial production.
- Mining output has experienced significant volatility over the past decade due to fluctuations in global commodity prices.
- The mining industry is a major employer in many rural and resource-dependent communities across the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly industrial production index for the mining sector in the United States, excluding oil and gas extraction.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and trends within the broader mining industry, which is a key component of the U.S. industrial economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on survey responses from mining companies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of the industrial economy and inform decisions related to economic growth, trade, and resource management.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting due to the time required to collect and process the survey responses.
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Citation
U.S. Federal Reserve, Sectoral Output for Mining: Mining (Except Oil and Gas) (NAICS 212) in the United States (IPUBN212T300000000), retrieved from FRED.