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US Mining Production Index

by Eduardo Petazze
15/05/15
From January 2015, the activities that support the Mining begin to suffer significant impairment as a result of reduced investment plans in the sector,
in turn driven by lower international prices.
However, the rates of change of production levels continue to have a similar trend in 2014, indicating that production operations, other than new
investments, continue with their normal development.
For the rest of 2015 a partial reversal is estimated to support activity sector as a result of some expected recovery in international prices.
As part of the indices of industrial production that compiles monthly US Federal Reserve, this paper presents the opening of the mining sector, whose
activity is adversely affected by low international prices of late 2014 and 2015.

Relative importance of the components of the mining sector


Value added in:
Group and Series
Mining
Oil and gas extraction
Crude petroleum and natural gas extraction
Crude oil
Natural gas
Natural gas liquid extraction
Mining (except oil and gas)
Coal mining
Metal ore mining
Iron ore mining
Gold ore and silver ore mining
Copper, nickel, lead, and zinc mining
Nonmetallic mineral mining and quarrying
Support activities for mining
Drilling oil and gas wells

US Federal Reserve Industrial Production Index


2011
2007
2002
1997
Millions of
Millions of
Millions of
Millions of
NAICS
dollars
dollars
dollars
dollars
Proportion
Proportion
Proportion
Proportion
210
486,164
100.00%
417,953
100.00%
152,846
100.00%
131,107
100.00%
211
326,459
67.15%
276,668
66.20%
98,278
64.30%
79,520
60.65%
211111
310,279
63.82%
263,514
63.05%
90,806
59.41%
74,372
56.73%
211111pt.
153,753
31.63%
134,873
32.27%
39,770
26.02%
35,914
27.39%
211111pt.
156,526
32.20%
128,642
30.78%
51,036
33.39%
38,458
29.33%
211112
16,180
3.33%
13,154
3.15%
7,472
4.89%
5,147
3.93%
212
92,841
19.10%
72,779
17.41%
36,279
23.74%
35,471
27.06%
2121
41,899
8.62%
27,245
6.52%
15,410
10.08%
15,526
11.84%
2122
26,556
5.46%
18,596
4.45%
5,109
3.34%
7,374
5.62%
21221
2,300
0.47%
1,728
0.41%
854
0.56%
984
0.75%
21222
10,475
2.15%
5,369
1.28%
2,065
1.35%
2,871
2.19%
21223
9,408
1.94%
8,845
2.12%
1,596
1.04%
3,051
2.33%
2123
24,387
5.02%
26,937
6.44%
15,760
10.31%
12,571
9.59%
213
66,864
13.75%
68,506
16.39%
18,289
11.97%
16,116
12.29%
213111
22,214
4.57%
22,211
5.31%
6,337
4.15%
5,729
4.37%

Mining production index - raw data


NSA Mining NAICS=210
Annual
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
100.00
101.78
101.69
100.49
100.68
100.51
100.26
101.05
101.13
101.19
103.35
104.09
105.48
103.98
92.15
99.84
101.79
99.16
95.74
95.10
95.27
95.34
97.00
96.42
95.90
95.47
93.52
100.71
100.29
100.33
100.86
102.82
103.89
104.29
103.36
102.89
106.83
106.71
106.95
106.25
108.67
108.20
110.79
111.81
111.32
113.55
112.57
112.61
114.05
113.78
115.25
116.60
116.97
115.29
118.92
117.68
118.41
120.30
121.43
122.84
121.59
123.13
121.51
129.55
128.92
130.42
131.20
133.15
133.63
133.72
133.61
134.95
133.87
130.93
132.50
134.25
136.25
136.95
138.45
138.71
138.52
1.56%
1.60%
2.32%
2.32%
2.49%
3.54%
3.82%
2.64%
3.34%

Jan
Feb
Mar
Apr
2007
96.16
97.55
98.90
99.81
2008
99.50
100.45
101.87
102.61
2009
97.57
97.11
95.75
94.47
2010
94.68
96.99
98.60
99.47
2011
101.93
100.16
104.11
105.03
2012
111.60
110.97
111.13
111.73
2013
113.57
114.78
115.10
116.71
2014
121.49
122.04
124.27
127.22
2015
131.71
129.68
129.65
128.88
YoY 8.41%
6.26%
4.33%
1.30%
Latest data
NSA Mining Oil and gas extraction NAICS=211
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2007
98.25
99.19
99.98
99.93
101.45
100.15
99.32
99.03
98.77
100.44
101.42
102.06
2008
101.71
102.70
103.76
103.27
103.15
103.56
104.91
102.45
85.85
97.66
102.66
102.83
2009
104.57
106.35
105.96
105.72
106.88
106.01
106.52
106.67
107.24
107.48
106.32
106.46
2010
106.74
109.26
109.04
108.08
108.53
107.52
107.62
109.62
111.42
112.27
112.10
113.11
2011
111.21
108.97
113.94
114.11
114.98
114.24
113.03
115.91
115.15
120.01
122.18
122.03
2012
123.67
123.55
124.27
123.98
124.65
123.32
126.11
125.18
128.32
132.11
133.26
132.82
2013
131.50
133.31
133.35
135.47
135.19
134.61
137.76
138.48
140.94
141.02
144.42
142.93
2014
144.44
144.88
147.13
150.40
151.60
153.33
154.03
155.83
157.73
159.55
159.52
162.96
166.63
167.58
169.75
171.95
173.46
177.36
178.30
178.96
2015
161.47
162.56
164.23
164.35
YoY 11.79% 12.20% 11.63%
9.28%
9.92%
9.29%
10.20% 10.35%
9.97%
11.16% 11.77%
9.82%
Latest data
NSA Mining, except oil and gas NAICS=212
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2007
87.79
90.25
94.78
101.07
104.90
108.62
105.22
105.99
106.46
100.05
98.99
95.88
2008
88.25
89.59
92.63
97.92
101.32
103.08
104.83
104.53
103.31
101.82
96.55
87.60
2009
81.63
82.25
84.49
83.71
85.89
88.84
88.08
92.04
89.22
85.66
84.90
76.14
2010
76.92
77.87
82.68
86.43
88.08
90.84
92.18
93.38
92.49
91.07
87.32
82.13
2011
82.77
81.27
84.19
86.27
90.16
92.79
91.54
92.90
92.77
90.35
89.06
86.95
2012
83.82
81.95
80.94
84.00
85.45
88.76
88.46
90.29
90.36
87.27
87.15
82.49
2013
77.89
79.30
80.63
82.14
85.82
90.88
90.95
93.27
93.16
87.87
85.50
82.06
2014
77.15
78.74
82.14
85.84
89.56
91.74
92.94
96.20
92.15
86.96
86.92
84.84
84.41
86.97
87.56
89.43
87.88
83.45
81.80
78.71
2015
79.82
76.34
79.08
80.95
YoY 3.47% -3.05% -3.72% -5.70% -5.75% -5.21% -5.79% -7.04% -4.63% -4.04% -5.90% -7.23%
Latest data
NSA Support activities for mining NAICS=213
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2007
97.22
99.27
99.54
98.58
100.32
100.71
100.38
101.69
101.05
99.02
100.77
101.44
2008
100.05
100.08
101.29
103.18
105.43
106.74
107.85
110.38
111.40
109.67
106.08
98.86
2009
88.90
78.46
69.03
63.78
60.74
59.89
60.06
61.88
61.50
63.23
65.36
67.01
2010
71.26
74.53
77.52
80.60
81.45
81.39
82.32
85.18
86.11
87.44
87.70
88.34
2011
88.93
88.87
90.07
92.43
94.15
94.87
97.19
99.22
99.45
100.42
100.36
100.99
2012
101.22
100.52
100.30
100.33
100.76
100.63
99.89
98.81
96.55
95.88
94.31
92.77
2013
93.65
92.51
92.38
92.33
93.83
93.27
93.23
94.13
93.84
93.02
92.94
93.04
2014
93.52
93.19
94.03
95.00
96.26
96.17
96.84
97.99
98.26
97.86
97.42
94.79
2015
86.72
74.45
64.80
57.59
56.83
59.50
61.16
62.54
63.23
63.63
63.87
64.35
YoY -7.27% -20.11% -31.08% -39.38% -40.97% -38.13% -36.84% -36.18% -35.65% -34.98% -34.44% -32.11%
Latest data

Annual
100.00
101.21
106.35
109.61
115.48
126.77
137.42
153.45
169.72
10.60%

Annual
100.00
97.62
85.24
86.78
88.42
85.91
85.79
87.10
83.03
-4.67%

Annual
100.00
105.08
66.65
81.99
95.58
98.50
93.18
95.94
64.89
-32.37%

Mining production index - seasonally adjusted data


SA Mining NAICS=210
May
Jun
Jul
Aug
Sep
Oct
Nov
100.42
99.90
99.88 100.06 100.11
99.96 100.99
102.09 102.77 105.33 103.71
92.01
99.80 102.05
94.44
94.26
94.99 96.03
95.87
95.41
95.35
99.81
99.94 100.77 102.10 103.47 103.44 102.76
106.53 107.07 106.26 108.09 107.86 109.82 110.85
112.48 112.81 113.90 112.91 114.76 115.31 115.52
117.72 118.74 120.23 120.65 122.60 120.20 121.34
128.99 131.09 131.31 132.51 133.76 132.26 131.55
130.78 133.08 134.37 135.61 136.89 136.77 136.43
1.12% 1.76% 0.97% 0.93% 0.94% -0.08% -0.25%

Jan
Feb
Mar
Apr
2007
98.39
99.52
99.40
99.66
2008
101.14
101.38
101.88
102.11
2009
99.43
98.19
96.13
94.63
2010
96.36
97.87
99.06
99.72
2011
103.25
100.72
104.47
105.28
2012
113.23
112.02
111.92
112.19
2013
115.02
115.85
116.10
116.99
2014
122.87
122.98
125.06
127.72
2015
133.31
130.56
130.38
129.33
MoM -1.23% -2.07% -0.14% -0.80%
Latest data
SA Mining Oil and gas extraction NAICS=211
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
2007
98.51
98.69
98.58
99.17 100.27
99.26 100.24 100.34 100.08 101.32 101.69
2008
101.85
101.86
102.50
102.58 102.13 103.09 106.09 103.73
86.91
98.34 102.85
2009
104.56
105.07
104.63
105.20 106.04 106.08 107.93 107.88 108.62 107.85 106.28
2010
106.59
107.83
107.90
107.66 108.01 108.45 109.24 110.83 112.74 112.02 111.54
2011
111.13
107.72
113.05
113.87 114.81 115.82 114.70 117.13 116.36 119.21 120.77
2012
123.62
122.42
123.66
123.91 124.79 125.33 127.77 126.28 129.69 130.94 131.08
2013
131.41
132.23
132.88
135.45 135.49 136.73 139.52 139.57 142.60 139.70 141.67
2014
144.34
143.79
146.61
150.51 152.03 155.76 155.94 156.95 159.69 158.04 156.30
2015
161.37
161.35
163.64
164.50 166.89 170.15 171.88 173.28 175.43 175.69 174.99
MoM -0.14% -0.01%
1.42%
0.52%
1.45% 1.96% 1.01% 0.82% 1.24% 0.15% -0.40%
Latest data
SA Mining, except oil and gas NAICS=212
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
2007
97.92
101.77
101.06
101.73 101.50 101.57
98.38 98.95 100.37
96.71
98.83
2008
98.44
99.50
98.25
98.04
98.79
97.23
98.85 98.12
98.09
98.72
96.22
2009
89.24
89.37
88.32
84.71
84.66
84.48
83.66 86.34
84.53
83.36
84.67
2010
83.64
84.08
86.50
88.05
87.32
86.78
87.91 87.94
87.85
88.95
86.92
2011
89.19
86.99
87.86
87.90
89.92
89.05
87.25 87.59
88.08
88.36
88.40
2012
90.48
88.37
84.93
85.68
84.70
84.84
84.23 84.87
85.35
85.09
86.46
2013
84.29
85.98
85.39
83.17
85.21
86.87
86.32 87.66
87.85
85.60
85.01
2014
84.32
86.15
87.08
87.68
88.56
87.33
87.50 89.90
86.52
84.45
86.39
83.02
82.37
82.27 83.23
82.16
80.60
80.62
2015
88.67
84.45
84.44
82.71
MoM -0.78% -4.75% -0.02% -2.04% 0.38% -0.79% -0.12% 1.16% -1.28% -1.90% 0.03%
Latest data
SA Support activities for mining NAICS=213
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
2007
98.38
100.29
100.75
99.44
99.97 100.70 100.20 100.24 100.09
97.67 100.44
2008
100.79
101.10
102.72
104.11 105.40 106.90 107.75 109.01 110.48 108.38 105.47
2009
89.19
79.20
69.86
64.30
60.77
59.96
59.94 61.17
61.02
62.54
64.95
2010
71.34
75.23
78.45
81.16
81.56
81.50
82.08 84.34
85.69
86.80
87.37
2011
88.91
89.60
91.00
92.89
94.21
94.88
96.83 98.30
99.13
99.91 100.25
2012
101.07
101.20
101.12
100.69 100.72 100.53
99.47 97.88
96.34
95.61
94.46
2013
93.51
93.11
93.12
92.50
93.74
93.14
92.86 93.28
93.68
92.87
93.23
2014
93.37
93.78
94.64
95.22
96.12
96.00
96.46 97.10
98.10
97.74
97.79
2015
86.59
74.94
65.24
57.71
56.80
59.43
60.92 61.97
63.11
63.51
64.04
MoM -8.74% -13.45% -12.95% -11.54% -1.59% 4.64% 2.51% 1.73% 1.84% 0.63% 0.84%
Latest data

Link to Current Press Release pdf, 18 pages

Annual
Dec
101.71 100.00
99.99 101.19
95.74
94.20
103.16 100.71
111.71 106.83
115.49 113.55
121.57 118.92
134.98 129.59
138.27 133.82
1.34%

Annual
Dec
101.85 100.00
102.57 101.21
106.06 106.35
112.49 109.61
121.16 115.48
131.73 126.77
141.72 137.41
161.60 153.46
177.42 169.72
1.39%

Annual
Dec
101.21 100.00
97.62
91.18
85.24
79.50
86.78
85.47
88.42
90.44
85.91
85.93
85.78
86.00
87.10
89.36
81.85
83.03
1.52%

Annual
Dec
101.82 100.00
98.92 105.08
66.65
66.95
81.99
88.33
95.58
101.03
98.50
92.87
93.18
93.14
95.93
94.89
64.89
64.41
0.57%

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