Production: Mining: Total for Spain
PRMITO01ESA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.13
Year-over-Year Change
-51.64%
Date Range
1/1/2010 - 1/1/2022
Summary
The Production: Mining: Total for Spain trend measures the monthly output of the mining industry in Spain. This indicator is closely watched by economists and policymakers to assess the health of the Spanish industrial 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 Production: Mining: Total for Spain index tracks the overall volume of mining production in Spain, including the extraction of coal, oil, gas, and minerals. This data is used to analyze trends in Spanish industrial activity and inform economic policy decisions.
Methodology
The data is collected by the Spanish National Institute of Statistics through surveys of mining companies.
Historical Context
Mining production is an important economic indicator for Spain, as the sector represents a significant portion of the country's industrial output.
Key Facts
- The mining sector accounts for approximately 5% of Spain's total industrial output.
- Mining production in Spain has seen a gradual decline over the past decade.
- Spain is a major producer of minerals such as copper, silver, and zinc.
FAQs
Q: What does this economic trend measure?
A: The Production: Mining: Total for Spain trend measures the monthly output of the mining industry in Spain, including the extraction of coal, oil, gas, and minerals.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers to assess the health of the Spanish industrial sector and inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Spanish National Institute of Statistics through surveys of mining companies.
Q: How is this trend used in economic policy?
A: Mining production is an important economic indicator for Spain, as the sector represents a significant portion of the country's industrial output, and this data is used to analyze trends in Spanish industrial activity.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical delay of 2-3 months.
Related Trends
Consumer Price Index: Recreation and Culture (COICOP 09): Total for Spain
ESPCP090000GPQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Spain
CPGREN01ESA659N
Production, Sales, Work Started and Orders: Construction Work Started on Dwellings: Economic Activity: Construction of Buildings for Spain
WSCNDW01ESQ661S
Business Tendency Surveys: Selling Prices: Economic Activity: Manufacturing: Future Tendency for Spain
BSSPFT02ESM460S
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Spain
ESPCP120000IXNBQ
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Spain
CP0731ESM086NEST
Citation
U.S. Federal Reserve, Production: Mining: Total for Spain (PRMITO01ESA661N), retrieved from FRED.