Production: Mining: Total for Austria
AUTPRMITO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.59
Year-over-Year Change
-30.48%
Date Range
1/1/1990 - 9/1/2023
Summary
The 'Production: Mining: Total for Austria' trend measures the overall output of the mining industry in Austria. This data is crucial for economists and policymakers to assess the health and productivity of the country's extractive 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
This index tracks the total volume of mining production in Austria, including activities such as coal, metal ore, and other mineral extraction. It serves as an important indicator of industrial activity and can provide insights into supply chain dynamics, trade balances, and Austria's competitiveness in global commodity markets.
Methodology
The data is collected by the Austrian statistical agency through surveys of mining companies and industrial facilities.
Historical Context
Policymakers and analysts use this index to gauge the performance of Austria's mining industry and its broader economic implications.
Key Facts
- Austria is a major producer of industrial minerals, including talc, graphite, and feldspar.
- Mining accounts for approximately 1% of Austria's total GDP.
- Austria's mining sector employs over 10,000 workers.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Mining: Total for Austria' trend measures the overall output of the mining industry in Austria, including activities such as coal, metal ore, and other mineral extraction.
Q: Why is this trend relevant for users or analysts?
A: This index serves as an important indicator of industrial activity and can provide insights into supply chain dynamics, trade balances, and Austria's competitiveness in global commodity markets.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian statistical agency through surveys of mining companies and industrial facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to gauge the performance of Austria's mining industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays or revisions due to the nature of data collection from various industrial sources.
Related Trends
National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Austria
NAEXKP03ATQ189S
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Austria
LFEM64FEATA647N
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for Austria
ULQECU01ATQ659S
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Austria
CPGREN01ATA657N
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Austria
AUTCP030000GPM
Infra-Annual Labor Statistics: Labor Force Female: From 25 to 54 Years for Austria
LFAC25FEATQ647S
Citation
U.S. Federal Reserve, Production: Mining: Total for Austria (AUTPRMITO01IXOBSAM), retrieved from FRED.