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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Mining Production MoM held to -3.9% in January 2025
FMPMonthlyReleased February 2025
US Mining Production MoM held to -3.9% in January 2025, released February 2025. The reading missed the 0.9% consensus by 4.8%.
Latest Release
-3.900000
Actual
0.900000
Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Mining Production MoM (United States) was reported at -3.9% in January 2025. This missed the market consensus of 0.9% by 4.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
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Mining Production MoM - US
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About Mining Production MoM — United States
DEFINITION
Mining Production MoM (Month-over-Month) is a key financial indicator that measures the change in the total output of the mining sector from one month to the next. This indicator provides valuable insights into the health and performance of the mining industry, which plays a crucial role in the global economy. It is closely monitored by investors, policymakers, and analysts as it can indicate trends in commodity prices, supply and demand dynamics, and overall economic growth. A positive MoM change in mining production suggests an increase in mining activity and can have a positive impact on the economy, while a negative change may signal a slowdown in the sector.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.