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Mining once again one of biggest drivers of US economy


The real value added to the U.S. economy by the mining, construction and manufacturing sectors spiked in the first quarter of 2017, in what is considered another clear sign of a reversal of fortunes in an industry that suffered in previous years from a sustained rout in commodities prices. According to the latest data released by the Bureau of Economic Analysis, the U.S. economy grew overall at an annual pace of just 1.4 percent in the first quarter. But the value added by the mining sector increased by a stunning annual rate of 21.6 percent, while construction and manufacturing also contributed significantly — 5.6 percent and 4.7 percent, respectively. more

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