Mining, except oil and gas
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Mining, except oil and gas industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
Industries in the Mining (except Oil and Gas) subsector primarily engage in mining, mine site development, and beneficiating (i.e., preparing) metallic minerals and nonmetallic minerals, including coal. The term ""mining"" is used in the broad sense to include ore extraction, quarrying, and beneficiating (e.g., crushing, screening, washing, sizing, concentrating, and flotation), customarily done at the mine site.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had increased 0.4 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 4.2 percent.
- Prices increased 14.4 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.7 percent.
- Costs increased 9.3 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Manufacturing sector. This sector accounts for 29.8% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Manufacturing sector. Costs associated with this sector increased 3.2%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Manufacturing | 29.8% | +3.2% |
| Labor | 29.3% | -0.3% |
| Mining, Quarrying, and Oil and Gas Extraction | 12.5% | -2.1% |
| Professional, Scientific, and Technical Services | 5.2% | +0.8% |
| Finance and Insurance | 5% | +1.5% |
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- As of July 2019, demand for this industry had increased 2.5 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 11.2 percent.
- Costs increased 3 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Manufacturing sector. This sector accounts for 30.8% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Exports sector, where demand increased 50.8%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Manufacturing | 30.8% | +4.2% |
| Exports | 22.2% | +50.8% |
| Construction | 18.4% | +3.6% |
| Public Administration | 8.7% | +4.5% |
| Utilities | 8.4% | -0.6% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU212---212---.
- Costs measured from January 2020
- Demand measured from July 2019
