Real Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
IPUBN21239T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.19
Year-over-Year Change
-14.82%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the real output of the other nonmetallic mineral mining and quarrying industry in the United States. It is an important indicator of activity and production in the mining sector 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 Real Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States tracks the inflation-adjusted production levels of this specific mining industry. It is a key metric used by economists and policymakers to assess the health and trends within the broader mining sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on surveys of mining establishments.
Historical Context
This metric helps inform economic and policy decisions related to the mining industry and broader natural resource sectors.
Key Facts
- The mining industry accounts for over 1% of U.S. GDP.
- Nonmetallic mineral mining includes quarrying of stone, sand, and clay.
- This industry produces key inputs for construction, manufacturing, and other sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the other nonmetallic mineral mining and quarrying industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding production and activity levels within the broader mining sector, which is a key part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of mining establishments.
Q: How is this trend used in economic policy?
A: This metric helps inform economic and policy decisions related to the mining industry and natural resource sectors.
Q: Are there update delays or limitations?
A: There may be some reporting lags, as the data is collected through surveys of mining firms.
Related Trends
Sectoral Output Price Deflator for Mining: Stone Mining and Quarrying (NAICS 21231) in the United States
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Unit Labor Costs for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States
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Citation
U.S. Federal Reserve, Real Sectoral Output for Mining: Other Nonmetallic Mineral Mining and Quarrying (NAICS 21239) in the United States (IPUBN21239T010000000), retrieved from FRED.