Skip to main content

USGS reports on nonmetallic mineral products in January

Published by , Assistant Editor
World Cement,

The nonmetallic mineral products industry leading index increased to 255.6 in December from a downwardly revised 253.6 in November. Its 6-month smoothed growth rate increased to 3.7% in December from a downwardly revised 2.2% in November.

After declining from January through March 2016, the leading index growth rate was above the growth rate threshold (+1.0%) that could suggest an increase in industry activity for April and May, declined below the threshold in June, then moved above in July, below in August, and above September through December. In December, the largest positive contribution was average weekly hours, nonmetallic mineral products [0.5], and the lone negative contribution was the S&P stock price index, building products companies [-0.1]. The nonmetallic mineral products industry coincident index, which measures current industry activity, increased to 147.4 in December from a downwardly revised 145.3 in November, its 6-month smoothed growth rate increased to 4.3% in December from a downwardly revised 1.8% in November. The coincident index growth rate had declined steadily February through August. September and October reversed that trend, and the November and December coincident indices growth rate were above +1.0% that could signal strength in the nonmetallic mineral products industry near term. In December, the two largest positive contributions were the industrial production index, nonmetallic mineral products [0.4] and total employee hours, nonmetallic mineral products [0.9]. There were no negative contributions to the coincident index for December.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your advance tickets NOW »


Embed article link: (copy the HTML code below):