Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,164.06
Year-over-Year Change
8.57%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the output of the other nonmetallic mineral mining and quarrying sector in the United States. It is an important indicator of activity in the mining industry and broader economic conditions.
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: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) series tracks the volume of production from this subsector of the mining industry. It provides insight into the health and performance of this segment of the economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Historical Context
This metric is closely watched by policymakers, analysts, and industry participants to gauge the state of the mining sector and broader economic trends.
Key Facts
- The other nonmetallic mineral mining and quarrying sector accounts for around 5% of total U.S. mining output.
- This subsector includes the extraction of stone, sand, gravel, clay, and other nonmetallic minerals.
- Output in this sector has been relatively stable in recent years, reflecting the steady demand for construction materials.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production volume of the other nonmetallic mineral mining and quarrying sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and performance of an important segment of the mining industry, which has broader implications for the economy.
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: Policymakers, analysts, and industry participants closely monitor this metric to gauge the state of the mining sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States (IPUBN21239T300000000), retrieved from FRED.