Support activities for mining
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Support activities for mining 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 Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites.
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 decreased 0.5 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 1.4 percent.
- Prices decreased 0.9 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 increased 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 1.5 percent.
- Costs increased 10.6 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 Labor sector. This sector accounts for 40.6% 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 Labor sector. Costs associated with this sector increased 4.7%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 40.6% | +4.7% |
| Manufacturing | 23.2% | +0.5% |
| Professional, Scientific, and Technical Services | 10.6% | -2% |
| Finance and Insurance | 9.8% | -1.2% |
| Real Estate and Rental and Leasing | 4.2% | -0.4% |
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- As of July 2019, demand for this industry had increased 10.9 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 35.9 percent.
- Costs increased 50.5 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 Private fixed investment sector. This sector accounts for 92.2% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Private fixed investment sector, where demand increased 39.6%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Private fixed investment | 92.2% | +39.6% |
| Mining, Quarrying, and Oil and Gas Extraction | 6.1% | -3% |
| Exports | 1.7% | +39.6% |
| Professional, Scientific, and Technical Services | 0% | -1% |
| Management of Companies and Enterprises | 0% | +2.3% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU213---213---.
- Costs measured from January 2020
- Demand measured from July 2019
