Negative streak in Mining and Quarrying continues
Mining and Quarrying declined for the third consecutive quarter with 0.5 percent drop in the fourth quarter of 2016. Crude oil and natural gas extraction, the main contributor to the decline of sector, dipped by 8.0 percent. Other contributors to the decline of the sector were Nickel mining, Copper mining, Gold mining, and Other metallic mining.
On the other hand, the rest of MAQ’s subsectors expanded: Chromium mining by 56.2 percent, Stone quarrying by 8.3 percent, and Other non-metallic mining by 8.2 percent.