194AA

FOREWORD

This issue of Minerals and Materials contains a review of the fourth quarter 1988 economic activity and the first quarter 1989 outlook. The October-December growth rate was 2.0%, the slowest in 2 years. An increasing trade deficit and a slowdown in business investment hindered economic growth. The index of leading indicators climbed in December, reversing direction for the eighth straight month.

Also featured in this issue is an analysis of the impact of the changes in the nonfuel mineral industry on the state and local economies in Arizona and Nevada.

Acknowledgments

Mineral information and data are provided by the commodity and country specialists, research personnel, and State mineral officers of the Bureau of Mines.

George White, Editor
March 15, 1989

Publication Staff:

Revondra McQueen
Donald Olson
George M. Russell

This document was prepared by the Bureau of Mines. Neither the U.S. Government nor any person acting on behalf of the
U.S. Government assumes any liability resulting from the use of the information contained in this document, or warrants
that such use be free from privately owned rights. The Bureau of Mines will consider for publication authoritative articles
on any facet of mineral resource development and use. The Bureau makes no commitment to publish such articles in
advance of editorial and policy reviews.

CONTENTS

Foreword and Acknowledgments

Fourth-Quarter 1988 National Economic Activity and

First-Quarter 1989 Outlook

by Joan Weinberg

Impact of Changes in the Nonfuel Mineral Industries to the

State and Local Economies of Arizona and Nevada

by George M. Swisko...................

Departments

International News

Federal, State, and Local News

U.S. Mineral Industry Highlights.........

Selected New Contracts, Investments, Expansions, and Exploration Activities:

United States

International

Selected Closings, Postponements, Layoffs, and Production Decreases:

United States

International

Mineral Data Series