Tag Archives: EVE Monthly Economic Report

MER – Charts for All My Needs

CCP was a bit quicker here in December in getting out the monthly economic report November.  However, in their haste it looked like they had omitted almost all of the charts I usually write about.  Frustrated by that, I decided to just grab the raw data this time around and make my own damn charts, only to find that all the charts I expected were included in that .zip archive.

So I have already learned something new this month.   I’ll check that off my list.

And, unlike last month, the Fade region actually made the cut for inclusions again.  The Cache region however remains unaccounted for.

As usual, I will start off with the mining to see how peace in the south and small scale conflicts in the north are doing.

November 2018 – Mining Value by Region

In a completely expected turn of events, Delve continues to be the region seeing the most mining activity.  The bar chart shows just how far ahead Delve is when compared to other regions.

November 2018 – Mining Value by Region – Bar Graph

By this measure the mining output of Delve is greater than the next seven regions combined.  (The newly returned Fade region is at the bottom of that list as well as others, perhaps confirming the theory that it was missed last month due to not hitting some minimal activity threshold.)

And yet the Delve number is down.  In October the amount mined was measured in excess of 19 trillion ISK, but for November it is down to 15.5 trillion ISK.  Did people get tired of mining in Delve?

Maybe not.  As usual, there is another chart here to figure into things.

November 2018 – Economic Indices

As you can see, the price of minerals has continued its post-war slide, landing at a three year low in November.  Since the mining amount is measured by the value of the ore, falling prices can mean falling numbers even if the total cubic meters of ore mined remains the same.

November 2018 – Economic Indices over All Time

As for the price of minerals, while they are not at an all time low, they are headed there.  I think we are firmly in the zone where, if you have a researched Charon freighter blueprint, you can build the freighter, insure it, have somebody gank it, and still turn a profit.  That was a tale I was told at the bottom of the last mineral price dip and we’re now well below that.

So mineral prices seem like something CCP needs to address.  Maybe.  There is a production aspect to that.

November 2018 – Production Values by Region

In production, while The Forge region was up a bit (as was its feeder region The Citadel, while Lonetrek held steady), Delve continues to be the single region with the greatest production output.

November 2018 – Production Values by Region – Bar Graph

Production, of course, requires inputs, of which mined minerals are a significant portion.  Aryth said on a recent Meta Show that production in Delve enjoyed a certain advantage in that the ore and minerals were available at a discount when compared to the Jita market.

There is a not insignificant cost to ship compressed or and minerals all the way to Jita in order to sell.  That makes what I would call the effective parity price of minerals in Delve lower, and since Delve is producing all that ore for the engines of production to consume, Delve’s economic power might be causing a greater dip in the economic indices for minerals than one might see in Jita.

Anecdotally, tritanium seems to be cheaper in 1DQ1-A than in Jita, but I cannot tell how much weight to give that observation.

And since we’re here, I might as well through the sales charts up on the page.

November 2018 – Trade Value by Region

For all the pride of the Delve region, Jita and The Forge remain the economic center of New Eden.

November 2018 – Trade Value by Region – Bar Graph

That chart is so lopsided that CCP has to exclude The Forge in order to get some insight into other regions.

November 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Domain, home of Amarr, remains in second place with Delve not too far behind.  But you have to get down to seventh spot, which is Esoteria, the home of TEST, before another null sec region shows up.

NPC bounties are more straightforward.

November 2018 – NPC Bounties by Region

No we’re back to things Delve dominates and which do not depend on variations in market prices in order to measure.  NPC bounties are a direct faucet into the economy.  On that Delve was down by half a trillion ISK.

November 2018 – NPC Bounties by Region – Bar Graph

Following behind Delve are Esoteria (TEST), Detroid (Fraternity & Triumvirate), Querious (Imperium alliance training ground), Fountain (Imperium), and Period Basis (Red Alliance).

In the north of null sec, where infighting around Branch and Venal is keeping everyone busy while the Imperium’s Space Violence squad is active and the NGSA is trying to oppress the numbers in Geminate, Deklein is the highest earner for ratting, bringing in just over 2 trillion ISK in bounties.

Overall bounties continued to peak.

November 2018 – Top Sinks and Faucets

While mineral prices are at a recent low, NPC bounty payouts are now at an all time high.  The question remains as to what CCP will do, if anything, and if there is anything they can do that Malcanis won’t make a mockery of.

Overall, bounties are down slightly as a percentage of the income faucet total, ringing in at 63%.  The number was 65% in October.

November 2018 – Sinks and Faucets and the ISK supply

But that is because other faucets like incursion payouts and agent mission rewards and bonuses were also up for November.  The overall money supply was up another 37 trillion ISK for the month.

So there it is, another month and the economy of New Eden hasn’t fallen over yet.  Aspects of it look bad, but it keeps on chugging along.

Finally, the chart that I choose to end with most months, the overview and comparison of regions.

November 2018 – Regional Stats

And so it goes until next month.  You can find all of the raw data and charts over at the dev blog post for the November report.

MER – The Disappearance of Fade

As I said in last week’s post about the late arriving September Monthly Economic Report, I was uncertain if I ought to bother with the October version.  The October report seemed rushed as it was missing a couple of the regular charts, had some out of date charts (August numbers), and was missing two whole regions, Cache and Fade.

But on the Meta Show this past weekend Aryth suggested that the process that generates the charts monthly might have omitted those two regions because they failed to meet the minimum threshold of activity to be included.  I do not know if that is a fact, but he seemed to understand that was how things worked, and it makes some sense.  CCP wouldn’t want Jove space showing up on the charts.

That persuaded me to carry on with the post as normal.  If the threshold value theory is true, then it is a statement as to what has happened in the wake of the Keepstar War.  And, if it is not, well, it leaves open some room for a couple of conspiracy theories.  Did CCP remove two regions from the game and not tell anybody?  Or did that brief period last month when SpaceMonkeys Alliance suddenly shambled back into life and tried to return to Fade, like a ghost trying to haunt its final location in life, cause some sort of positive feedback loop that became a singularity of suck which devoured both the alliance and the region?  And did that take Cache with it as well?

Anyway, I always feel that the history of New Eden is worth recording, so here we go.

As usual, I will start with the mining chart.

October 2018 – Mining Value by Region

As expected, Delve remains at the top of the list, up about 2.5 trillion ISK over September, proving that people are home from the war.  The bar chart makes clear just how far ahead the region remains.

October 2018 – Mining Value by Region – Bar Graph

Not that the second highest region, dwarfed though it might be by Delve, is Querious, which is also mined by the Imperium, which passes through monthly in what is called “locust fleet” to harvest all of the moon mining operations in the region.  That is followed by Esoteria, where TEST mines, Detroid, which is home to Triumvirate and Fraternity, two high sec regions, and the Fountain, the third region mined by the Imperium. It isn’t until after the high sec region of Metropolis that the first region in the north shows up, Deklein.  Deklein ought to have seen a sharp uptick since it is covered by the September peace agreement between GotG and the Imperium.  However Pandemic Horde has been attacking GotG because they paid off the Imperium with faction Fortizars or something.  The north is busy suppressing its own economic output.

This is the point where I would normally try to give some context as to the value of those mining numbers, as they depend on the price of minerals on the market.  However, the chat that would help illustrated this is from August, when minerals prices were at their war time high.  We saw that pricing collapse in the September report and have no reason to believe it rebounded in any way.  If it did drop even further, as one might expect give the influx of minerals on the market, that 19 trillion ISK number for Delve might understate exactly how much mining was going on in the region.

On the NPC bounties front Delve remains well ahead of other regions.

October 2018 – NPC Bounties by Region

Again, the peace dividend is in full force here, with Delve up from 8.4 trillion ISK in September to just over 13.4 trillion ISK in October.  The bar graph shows best how regions stack up.

October 2018 – NPC Bounties by Region – Bar Graph

After Delve the next five regions are Esoteria, Detroid, Querious, Fountain, and Branch, which owned by TEST, Tri/Fraternity, Imperium, Imperium, and GotG.  So you know who is getting rich.  Unlike mining, which adds no ISK to the game and which depends on the market price for valuation, bounties are a straight injection of ISK in to the game.

October 2018 – NPC Bounties by Sec Status

And the peacetime boom means that null sec is pulling in an even greater share of the bounty pie, grabbing 93.8% of the bounties, up from 93.2% in September.

On both the mining and NPC bounty fronts, the regions of Branch, Vale of the Silent, and The Kalevala Expanse are places to watch for the November report.  Pandemic Horde has been attacking GotG in Branch, while the Imperium’s economic suppression SIG, the NGSC, has been deployed to the other two regions.  This could suppress mining and ratting in these regions.

The faucets chart shows that, while ratting remains near its peak, it was down a bit over the course of the month.

October 2018 – Top Sinks and Faucets

But the fact that it was close to an all time high for the whole month meant a lot more ISK being injected into the economy.

October 2018 – Sinks and Faucets and the ISK supply

I don’t usually include that chart, mostly because I don’t want to pull every single chart from the report into these posts, but this one shows the net input of ISK from NPC bounties.  For October the number was 72.5 trillion ISK, up from 55.6 trillion in September.  Lots of krabbing going on, with bounties making up 65% of the overall faucets category.

On the trade value front, the main chart was one of those that went missing for October, though the bar graphs were still posted.

October 2018 – Trade Value by Region – Bar Graph

The Forge region, home to Jita, continues to be the dominate trade hub of New Eden.

October 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Without The Forge, Domain, home to the Amarr trade hub, and Delve continue to hold significant leads ahead of the rest of space.  The lesser high sec trade hubs follow behind, then there is Esoteria, home of TEST.

October 2018 – Contracts Trade Value by Region – Bar Graph

For contracts, The Forge still holds its top spot, though it isn’t do far ahead of Delve and the Imperium as in overall sales.  The Esoteria, Geminate, and Detroid follow on to round out the top five, homes respectively of TEST, Pandemic Horde, and Tri/Fraternity.

And then there is production, where we see where things are getting built.

October 2018 – Production Values by Region

Delve saw a post-war production boom.  Output stood at 35 trillion ISK last month, but jumped to nearly 46 trillion ISK for October.  The Forge, in second place, saw a slight reduction in production for October.

October 2018 – Production Values by Region – Bar Graph

While Delve dominates as a single region, what I refer to as the “Jita production cluster,” The Forge, Lonetrek, and The Citadel, still tally up to more than Delve.  However, that number is only a little more than 51 trillion ISK, putting Delve close to passing the industries supporting the main trade hub of New Eden.

Following up Delve and the three sisters of Jita are Esoteria, which shows TEST is ramping up production, and Domain, supporting the Amarr trade hub.

Finally, there is the summary char with which I usually end these posts.

October 2018 – Regional Stats

So that was October.  The report was flawed, but still had sufficient data to be of interest.  You can find the whole October Monthly Economic Report here.  It includes more charts and all of the raw data from which the charts were derived.

We will see in November how the trends continue, which areas are being suppressed, and whether or not Fade and Cache return to the report.

MER – The Peace Dividend in September

CCP has apparently caught up with all the extra work from doing both EVE Vegas and the Onslaught expansion in about a month’s time, so the team has returned to some of the smaller items on its usual list, like the Monthly Economic Report.

Actually, we got two.  I had been bitching about how they skipped September.  But when I saw the October report appear in my feed I went to the dev blog site and found the September one there as well, dated “October 3, 2018.”

That agitated me a bit, because I had been checking for the September report for ages.  How could I have possibly missed it?  But an update from CCP Falcon announcing that both reports had been released on the same day.

Somebody fiddled the dates on the Dev Blog site.  I wonder how much they were paid for that?  Damn those corrupt developers!

I was going to simply skip over the September MER because I am sure nobody is exactly pining for me to put up two MER posts in a single month.  But it turns out the October MER is currently messed up.  The charts are missing two regions, Fade and Cache, and there is at least one chart from August posted.

I’m still leafing through the Onslaught patch notes, in case I missed something about CCP removing two regions from the game, since I am not certain anybody would notice if either went missing.  But the chart from August is a key one I use each time, so I am going to postpone writing about October until that gets fixed, which might mean skipping October altogether.  We shall see.

Back to September, we’ll just jump right in where we usually do, which is with the mining numbers.

September 2018 – Mining Value by Region

In a turn likely to surprise nobody who has been paying attention, Delve both led the pack in September and was up by almost 5 trillion ISK in mining value.  Since peace broke out in null sec in the back half of the month, pilots returned to Delve and resumed their strip mining of space.

We also got the bar chart back for September, so you can see how the various regions ranked.

September 2018 – Mining Value by Region Bar Chart

The highest region in the north appears to be Branch, with the east of null sec more closely trailing Delve, though Querious, owned and mined by the Imperium, is in third place overall.

A 5 trillion ISK jump in mining in Delve doesn’t seem like a huge uptick given the coming of peace.  And, while peace came late in the month, so maybe October will show a greater increase, the September jump is also fighting a drop in mineral prices.

September 2018 – Economic Indices

Mineral prices dropped to a three year low in September, and since mining is measured by the value of the ore mined, if the price goes down then the ore value goes down even if exactly the same amount of ore is mined.

Mineral prices are not yet at an all time low, as the next chart shows.

September 2018 – Economic Indices over All Time

There was a long stretch between 2007 and 2012 when mineral prices were lower.  But since the rework of NPC drops in the Drone Regions… remember when drones dropped minerals… the price has been consistently higher.  Now, though…

Moving on to NPC bounties… well, what did you expect?

September 2018 – NPC Bounties by Region

Delve led the pack yet again, though was “only” up by about 1.4 trillion ISK over August.  Again we have the bar graph back so we can see how the regions shook out.

September 2018 – NPC Bounties by Region – Bar Graph

Branch, where GotG retreated, saw a significant amount of bounty payouts as well.

Overall null sec bounties were a slightly smaller percentage of the overall pic.

September 2018 – NPC Bounties by Sec Status

Yes, null sec still totally dominates, but the percentage was 93.2%, down from 93.4%, with high sec seeming to pick up most of that.  It is a tiny change, but when you consider that the war was ending you might figure that number would go up for null sec.  And doubly so as we see NPC bounties reaching for an all time high again, as the next chart shows.

September 2018 – Top Sinks and Faucets

Bounties haven’t topped past records, but my guess is that the October version of this chart won’t show a downturn.

Then there is the trade front.

September 2018 – Trade Value by Region

As usual, the region containing the central trade hub of New Eden dominates the numbers.  Jita stands so tall that everybody else appears to be… I was going to say a dwarf, but maybe a dwarf embryo might better describe the ratio.

September 2018 – Trade Value by Region – Bar Graph

Removing The Forge from the graph better shows how the rest of the game universe compares.

September 2018 – Trade Value by Region – Bar Graph, Forge Excluded

With that we see Domain, home of Amarr, standing out with its second place numbers, followed by Delve, home of the Imperium, the economic empire of null sec.

Overall trade is down a lot, with The Forge seeing a drop of nearly 90 trillion ISK compared to August.  While there is still a lot of trade going on, the war boom seems to be over.  Additionally, looking at prices, the market also appears to have back filled demand for Abyssal Deadspace relates items, like Gilas, causing prices to ease up some on that front.

Cloud Ring, where the Imperium was based for the war, saw a full trillion knocked off of its trade value compared to August, bringing the number down below 1.6 trillion.  Expect that to fall off further come the October report.

The same goes for contracts, where Cloud Ring fell off in September for the same reason.

September 2018 – Contracts Trade Value by Region – Bar Chart

Again, The Forge led the way with contracts, but Delve isn’t all that far behind.

And then there is Production.  The war saw some destruction, though not as much as one might have wished.  Still, there were ships to be replaced and everybody needs to build up for the next war.

September 2018 – Production Values by Region

While production for the main market in The Forge was down almost 2.5 trillion ISK in value, in Delve it was up by over 5 trillion ISK in value, pushing it past The Forge for total production.  The Mittani wants us all to own two titans now, so that has to be adding to the mix.  (I still own zero titans, a number unlikely to increase ever.)

September 2018 – Production Values by Region – Bar Graph

Still, what I would call the “Jita production cluster,” which includes The Forge, The Citadel, and Lonetrek, still add up to more than Delve.

And, as I usually do, I will wrap up with the regions overview chart.

September 2018 – Regional Stats

So that is September.  There was still a war going on, and Keepstars being destroyed, so it doesn’t show what peace really does to the economy, but it does show the start of the transition.  Once CCP fixes the October reports I’ll look into that… though, honestly, I suspect they won’t bother.  We’ll see if I’m in the mood to do another of these this month.

Anyway, you can find the whole September MER here, with more charts and all the data used to create it. (And the October is here if you want a peek.  It might be fixed by the time this goes live.)

MER – War Boosts Mineral Prices

CCP released the Monthly Economic Report for August earlier this week.  As with last month the effects of the current war is probably the most interesting thing to examine in the numbers.  June was the last month of relative peace (as in the real world, New Eden is never all at rest) so the numbers for July and August show some of the impact of the war.

As with last month, we might as well jump straight into mining.

August 2018 – Mining Value by Region

By the numbers mining saw a rebound in Delve, home of the Imperium, and the most heavily mined region in New Eden.  The value of ore mined went from 8 trillion to 11 trillion ISK.  That brings it closer to the 14 trillion ISK worth of ore that was mined in June.

However, the value of ore is based in part on the market.  If the price goes up the value mined in a region will go up as well, all other factors being equal, and we did indeed see a jump in ore prices in August.

August 2018 – Economic Indices

As you can see from the above chart, mineral prices, while still down from the most recent peak, did rise sharply.  Other regions saw similar upticks, including Querious, one of the subsidiary regions of the Imperium.

Driving this is likely the need to replace ships being destroyed in the war.

August 2018 – Destroyed Value by Region

The July numbers saw almost 4 trillion ISK destroyed in Tenerifis in the battles around the TEST Keepstars in the south.

In August the main front of the war moved north, to Pure Blind.  The battles around the armor timer and the final timer of the Keepstar in X47L-Q helped drive the level of destruction in the region past 10 trillion ISK.  While both sides have ISK in adequate supply to replace these losses, but ISK doesn’t build ships.  For that you need ore, and with a lot more ISK chasing the mining output of New Eden, prices have been on the rise.

That level of loss made the usual high level of destruction around Jita, where ganks and interdiction campaigns congregate, fade into the background.

On the ISK front things were more stable.

August 2018 – NPC Bounties by Region

Delve remains at the front of the pack, though NPC bounty payouts fell by half a trillion ISK compared to July (and by more than 4 trillion ISK compared to June) as Imperium pilots find themselves deployed to the north.

The big gain in was in the Branch region, where Guardians of the Galaxy goes to krab.  There bounty payments rose from 4.2 trillion ISK in July to 5.1 trillion ISK in August.  Most other areas were flat in output, though the Tenal region in the north did see a half a trillion ISK drop.

NPC bounty payments swung a bit further into the favor of null sec.

August 2018 – NPC Bounties by Sec Status

High sec was at 6.8% in July, but dropped to 6% for August.  Given the general flat output of null sec for the month I wonder if the Secrets of the Abyss event that landed with last month’s update drew high sec pilots to that as opposed to missions.

Overall, ratting ebbed and flowed as battles drew people away from anomalies over the course of the month.

August 2018 – Top 8 ISK Sinks and Faucets

In supporting a war there ought to be signs of the supply chain in action in the trade value numbers.

August 2018 – Trade Value by Region

However, trade value in The Forge, home of Jita, the economic hub of New Eden, was down in August, dropping 42 trillion ISK compared to the July numbers.  That puts it on par with the pre-war June numbers.

Other regions saw some changes, Delve was down as people deployed northward, but Cloud Ring was up, where the Imperium staging base is located.

August 2018 – Trade Value by Region – Bar Graph

Jita remains so dominant that they have to make a bar graph excluding it to show the rest of New Eden.

August 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Domain, home of Amarr and the second largest trading hub, was also down for August.

August 2018 – Contracts Trade Value by Region – Bar Chart

The value of trade via contracts, the primary way alliances sell doctrine fit ships, was also down a bit when compared to August.  The one region seeing a boost being Cloud Ring where Imperium doctrine ship sales and fuel contracts likely caused the change.

And then there is production.

August 2018 – Production Values by Region

Production was likewise flat in most regions, with Delve ringing in 29 trillion ISK in that department in August.  That number, which makes it the leading region in New Eden, was ever so slightly down from July.

Where production was up was in The Forge, The Citadel, and Lonetrek, regions that feed the Jita market.  While the number was up 6 trillion ISK in The Forge alone over July, it remains fairly close to the 33 trillion in ISK value that the region produced in June.

Overall there are some mixed signals about the war.  Ore prices are up, but my assumption that this has been driven by a need to produce replacements for war losses doesn’t have much of a foundation.  It could be simply from the drop in actual mining in key regions causing the price rise, or a combination of the two.  After all, the ore value mined in Delve was 14 trillion ISK at a time when prices were at low ebb.

Finally, the last chart I like to look at every month is the compared regional stats.

August 2018 – Regional Stats

That gives an easy comparison between certain key regions.

In the north the war carries on.  I expect that the peak destruction will move from Pure Blind to Fade when the September numbers are published.  It will also be interesting to see how the other numbers change.  Are things that would show replacements for losses, like production and trade value, lagging behind or are these things just not happening?

And while there will be a lot of destruction in Fade this month, it looks like the numbers will not reach the heights seen in August.  The northern forces do not seem as keen to test their resolve or the server’s capacity by defending the two Keepstars in Fade with their supers.  The armor timer for CO2’s Keepstar in DW-T2I saw no real defense, nor did the final timer that blew it up.  We shall see how it goes with the likely timers for the Keepstar in DO6H-Q.

As usual, you can find all these charts and more, along with the raw data used to generate them, in the dev blog for the August Monthly Economic Report.

MER – How Much Does War Cost Delve?

CCP has released the Monthly Economic Report for July 2018 so we can see what impact moving off to war has on the Imperium’s economic engine in Delve.  So I will be comparing this to the June report which was the last peacetime period.

We might as well dive straight into mining output, as that is where Delve and the Imperium dominate every month.

July 2018 – Mining Value by Region

July saw a big hit to mining output in Delve, dropping from 14.7 trillion ISK in value in June to only 8.2 trillion ISK in value in July.  That is only 55% of the June output, a 6.5 trillion ISK reduction.  A lot of Rorquals were clearly docked up as capital and super capital pilots flew north to Cloud Ring.

And while, in the past, I have had to point out that changes in output might be related to the price in minerals from which the measure is derived, this month the economic indicators show that mineral prices were flat, even rising ever so slightly as the month moved on.

July 2018 – Economic Indices

So there is the cost of war.

Regions in northern null sec, where a lot of the war is occurring, suffered downturns as well, save for a few like Branch that stayed stable or even rose a bit.  There is no bar chart this month so we cannot see the relative rankings easily, but even a diminished Delve is still dominant.

Then there is the NPC bounty output to look at.

July 2018 – NPC Bounties by Region

As with mining, NPC bounties in Delve were down.  In June the number was 11.2 trillion ISK, but in July that number sank to 7.5 trillion ISK.  Unlike mining, which has to be sold or used in manufacturing to be turned into ISK, this drop saw 3.7 trillion ISK less flowing into the pockets of Delve pilots, with a corresponding reduction in taxes for corporations.

I wish that the bar graph for this data had been included… and I am too lazy to make one myself… because you could more easily see Branch, where many northern players have gone in order to escape the war and keep krabbing, creeping up in value compared to Delve.  July saw Branch hit almost half of Delve’s number, up from less than one third in June.

The reduction even saw a slight change in the sec status balance of bounty payouts.

July 2018 – NPC Bounties by Sec Status

Null sec dropped 0.8% causing the percentage for High sec space to rise just a bit.

Overall NPC bounties saw a mid-month dip.

July 2018 – Top 8 ISK Sinks and Faucets

War activity, move ops and battles alike, took people away from ratting.  Or, took some people away from ratting for a bit.  Even the bottom of that dip is still pretty high as an overall number.  And, ever so slightly, incursion payouts saw a dip at the same time while insurance payouts went up during the dip.

On the trade front Delve stayed steady.

July 2018 – Trade Value by Region

Instead it was Jita that saw the big boost, supplying the northern war front.  Trade in The Forge was up by nearly 50 trillion ISK in July.

July 2018 – Trade Value by Region – Bar Graph

At leas there we have the bar graph to illustrate the dominance of The Forge, home of Jita.

July 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Without The Forge you can see Delve holding steady in third place behind Domain, home of Amarr, the second trade hub of New Eden.

When it came to contracts Delve again stayed steady while The Forge surged.

July 2018 – Contracts Trade Value by Region – Bar Chart

That surge may be related to the war, at least indirectly, but seems likely to be more about mutated modules from Abyssal space as they are becoming more readily available and can only be traded via contracts.

Then there is production.

July 2018 – Production Values by Region

Here again The Forge surged, but Delve sank some.  This may be due to a shortfall of minerals in the region.  I know we were already importing minerals from Jita to support production, but with the drop in mining there have been requests from leadership going out asking that we make sure and list minerals in the Delve market because they are needed.  This was a key speaking point for The Mittani during the most recent coalition fireside chat.  Minerals and ice products are in high demand.

And then there is the war time chart, destruction by region.

July 2018 – Destroyed Value by Region

Since the report lags by a month we are only now seeing the numbers for the battles at UALX-3 where a Keepstar was destroyed along with hundreds of capital ships in two consecutive bouts.  That boost the Tenerifis number by about 3.3 trillion ISK.

In Delve the numbers were up a bit as those who kept on ratting and mining while the super capital umbrella was elsewhere paid the price.  In The Forge however ganks were apparently down a bit compared to June.

And, as usual, I will close with the regional stats chart that puts a chunk of the data into one chart.

July 2018 – Regional Stats

The July numbers reflect only the start of the pan-null sec war, with the opening struggles in the south.  Already in August we have had two major battles with losses measured in trillions of ISK, so next month’s report should be interesting.

Meanwhile the shortfall in mineral and ice product production may send the prices upward.  Something to keep an eye on come next month’s MER.

You can find the July 2018 Monthly Economic Report and all of the charts it provides, along with the raw data from which they were made, over on CCP’s site under Dev Blogs.

MER – Pre-War Delve Numbers

CCP has released the monthly economic report for June 2018, and it might turn out to be an interesting report for comparison sake.  June was a month of dull peace in Delve, with ratting and mining and production and commerce rolling along unhindered.

But now, in July, we have conflicts in null sec.  Pandemic Legion has deployed to the southeast to join in on the attacks on TEST and the Legacy Coalition while the Imperium has taken PLs absence from the north as an opportunity to roll north, drop a Keepstar, and start pounding on Circle of Two and Guardians of the Galaxy.  That not only pulled a bunch of capsuleers north, but also the super capital umbrella that protects Delve as well, leaving those who didn’t get the word (which always happens), or thought they were invulnerable, open to attack.

So we can look at the June numbers as a baseline for how war changes output in Delve.  And we can start, as usual, with the mining numbers.

June 2018 – Mining Value by Region

We even have the bar graph back this month.

June 2018 – Mining Value by Region – Bar Graph

Delve is, as usual, far ahead of every other region in mining output, and second place is Querious, which is also controlled by the Imperium and the host to the monthly “locust fleet” operations to harvest moon output in the region.  The scourge of the Rorquals I suppose.

Delve was up 600 billion over May, which is fairly impressive because the mining value measurement depends on the price, and prices were again down in June.

June 2018 – Economic Indices – Three Year Snapshot

If the price of minerals is still headed down but mining value in Delve is up, that means a lot more ore had to get mined.

Mineral prices aren’t close to their all time low yet, as the long term chart shows.

June 2018 – Economic Indices Long Term

But the trend is still way down.  Cheaper prices make it harder to get rich as a miner… unless you’re running a fleet of Rorquals… but they also make manufactured items cheaper overall in Jita.  If you’re not a miner, this is probably good.  If you are, it probably pisses you off.

On the NPC bounties front, Delve also held on to its top spot.

June 2018 – NPC Bounties by Region

Again, we have the bar graph back.  Several of those went missing for the May report.

June 2018 – NPC Bounties by Region – Bar Graph

Delve, despite its dominance, was down almost 2 trillion ISK compared to May.  Meanwhile Branch was up, the place where the groups in the north have fled to escape the attentions of the Imperium SIGs and Squads.

Fade was up, almost doubling from May’s 396 billion ISK number by hitting 747 billion ISK.  That is no doubt due to Circle of Two moving in and settling down in the region and having the first half of the month free of attacks as the Imperium took two weeks off in June to give its pilots a break.  I suspect that number will be down in the July report due to the return of the Imperium.  Rumor has it that GigX has forbidden anybody to rat in anything more expensive than a VNI or mine in anything better than a T1 barge.

The share of bounties across sec status remains heavily tilted towards null sec.

June 2018 – NPC Bounties by Sec Status

High sec, which was trending up a bit over the last couple of reports, was back down to 6.2% of the total, while overall bounty payments saw a slight decline over the course of the month.

June 2018 – Top 8 ISK Sinks and Faucets

On the trade front The Forge was in no danger of losing its top position.  Jita remains the place to go to buy and sell.

June 2018 – Trade Value by Region

The bar graph shows the dominance of Jita more clearly.

June 2018 – Trade Value by Region – Bar Graph

That dominance is such that they have to make a bar graph without The Forge in order for people to see how other regions stack up against each other.

June 2018 – Trade Value by Region – Bar Graph, Forge Excluded

There we see Domain, home of Amarr, still comfortably in second place, with Delve trailing behind in third.  After that are the three other New Eden high sec trade hubs, then Geminate, home of Pandemic Horde.

For contracts however The Forge is not as dominant.

June 2018 – Contracts Trade Value by Region – Bar Chart

There are a lot of contracts in Jita, but Delve is not far behind.  As usual, I suspect this is because a lot of things like fleet doctrine ship sales, capital and super capital sales, buy back schemes, and some raw material sales are done via contract.  Still, overall, contracts remain a small item in Jita relative to the main market.

Then there is production.

June 2018 – Production Values by Region

Previously Delve was the top region for production, though the three regions in the vicinity of Jita still combined to well out produce Delve.  However this month Delve slipped, dropping from 40 trillion ISK in production in May to 33 trillion ISK in June, putting it in close competition with The Forge, which held steady with 32 trillion ISK.

What happened in Delve?  Did we run out of pilots rich enough to buy a titan finally?  Is that why The Mittani was was extolling us to get alts into supers if we already had a main in one?

Anyway, production was down.  We will see if a war suppresses it further or if losses… should we join battle in any serious way… will spur production in order to replace them.

And so this month’s chart of interest is the destroyed value by region.

June 2018 – Destroyed Value by Region

War in New Eden may make this chart interesting to compare with next month’s chart.  But I also wanted to compare it against May’s chart to see what Into the Abyss did to the numbers.  I was wondering if the losses in abyssal pockets would up the numbers.  But abyssal pockets aren’t in normal space, so in places like The Forge, ever a hot spot for suicide ganking, destruction numbers actually went down 800 billion ISK.

So Into the Abyss didn’t change the chart, but I suspect war might.  So we will revisit this one again next month.

Finally, I will close with the usual regional comparison chart.

June 2018 – Regional Stats

That just nicely summarizes the stats for a few key regions.

Those were the June numbers.  But now, in July, war is on, both in the northeast around Fade, where the Imperium is pressing on CO2 and GotG, and in the southwest, where Pandemic Legion is leading a large but loose coalition of alliances against the TEST and the Legacy Coalition.  If both conflicts carry on, the numbers could change up quite a bit.  But wars can also end suddenly.  We shall see.

Again, you can find the monthly economic report here.  It includes many more charts than I choose to review and has all the raw data if you care to make your own.

MER – Now with Fewer Charts

CCP was rolling a little later than usual with the Monthly Economic Report for May 2018.  Then again, they had a lot going on with the Into the Abyss expansion at the end of may, the great outpost conversion at the start of June, and the CSM13 election which concluded on Monday.

I also think the departure of CCP Quant means that we won’t be seeing the MER show up on the second or third of the month now.  I also suspect that CCP Larrikin, who took over the MER when CCP Quant left, has other tasks on his plate.

I figure that is why we got fewer charts this month.

I mean, the raw data is all still there so I can make all those extra bar charts myself should I so desire.  I won’t, because I am lazy, but I could, and that is the point… I think.

Anyway, on to the usual first metric, mining.

May 2018 – Mining Value by Region

Delve remains the reigning champ for mining output, with all other regions in its mighty shadow.  That now missing bar chart of regions would illustrate this nicely if I had it.

Even so, Delve’s numbers are down a bit, coming in 451 billion ISK less than the April number, a gap about equal to the total mining output of Immensea or Deklein. Are the people of Delve tiring of mining?  Have outsiders been shooting our excavator drones?  Or has the price of ore continued to fall.

Well, there is nothing to say that it isn’t the first two in some way, but the third can be seen in the economic indices chart.

May 2018 – Economic Indices

The value of minerals continues it slide, so the value of what was mined would have gone down, even had the actual cubic meters ore been the same.

And lest you panic, while the three year chart seems grim for mineral values, we’ve seen worse.

May 2018 – Economic Indices Long Term

I remember the situation back in 2010.  That was where we hit the “shuttle floor” pricing for minerals, the point at which you could buy a shuttle (which used to be sold at a fixed price by NPCs), reprocess it, and then sell the resulting minerals for as much as you paid for the shuttle.

Other regions are a bit down as well.  With Deklein it could just be the price change.  Fade and Pure Blind however, which continued to see upheaval as Imperium groups hounded MOA out of the area.  But now Circle of Two has been installed in Fade and the Imperium is on a break from the north, so we’ll probably see those numbers rebound a bit in June.

NPC bounties, on the other hand, are absolute.  The more NPCs that die, the more bounties are paid out.

May 2018 – NPC Bounties by Region

On this chart Delve not only remains at the top of the heap, but is actually up about one and a half trillion ISK over April.  That is a lot of 130 million ISK ticks.  Whatever is having an impact on mining shows no sign of harming bounty payments.  It is almost hard to account for the variations month to month in other regions where it is just a few billion ISK up or down.

One region that will probably see a rebound is Providence.  Wracked by the Pandemic Legion invasion and then the reconquista, just 89 billion ISK in bounties were paid out for the region.  If you look back six months the region was pulling in over 1.5 trillion ISK in bounties.  But now the war of the outposts is over and things will likely settle down.  We’ll have to see what TEST does with all those outposts though.

The sec status bounty split remained about the same.

May 2018 – NPC Bounties by Sec Status

Null sec remains dominant, holding 92% of the payouts.  That is still down ever so slightly, the balance seeming to have gone to High sec, which is up from 7.2% to 7.4% of the total.

Bounty payouts rose some in May.

May 2018 – Top 8 ISK Sinks and Faucets

While the number is trending up, it is still below previous peaks.

Meanwhile there is a curious bump in insurance payouts on the chart.  My instinct was to put that off to Abyssal pockets, but it looks to be mid-month.  I suspect that is related to the various wars that were going strong about then.  Still, I will be interested to see the June report to see if insurance starts to trend up a bit due to Abyssal pockets.  We shall see.

On the trade front The Forge, home to Jita, remains the undisputed leader in sheer volume.

May 2018 – Trade Value by Region

Trade value in The Forge was up by more than 11 trillion ISK.  Again, I want to know is Abyssal pocket losses are going to stoke trade, both with more ship purchases as well as increasing prices for some of the more desirable faction and heavy assault cruisers.

On the bar chart without The Forge the Domain region, home of Amarr, holds second place.

May 2018 – Trade Value by Region – Bar Graph, Forge Excluded

Delve comes in third place, behind the two major high sec trade hubs, but ahead of the three secondary hubs.

May 2018 – Contracts Trade Value by Region – Bar Chart

On contract value however, Delve remains a strong second.  I imagine this is largely due to how the purchase of fleet doctrine ships and capital ships are handled in the region.

An interesting chart this month shows how much of the fees and such goes to NPCs in stations versus to players who run citadels.

May 2018 – NPC versus Player Service Fee Payments

As we can see, despite predictions of doom, broker fees continue to be mostly an NPC thing, draining ISK out of the economy.  Also, repair bills remain almost completely an NPC thing… though who pays to repair in a citadel when you can just tether and get repaired for free?

Industry and reprocessing has moved largely to Upwell structures.  Jump clone fees though, remain mostly an NPC thing.  I think the latter is because most corps and alliances don’t want to tax their players through jump clone fees, while NPCs are happy to stick you with a 900K ISK fee every time.

Then there is production.

May 2018 – Production Values by Region – Bar Graph

Delve remains the top region for production.  All those titans and Rorquals add up.  But the trio of The Forge, The Citadel, and Lonetrek, all of which feed the Jita market, still add up to a 16 trillion ISK more than Delve.  Jita is a voracious market and it needs a lot of production and NPC drops to feed it.

Finally, the usual end chart, the regional comparison that shows how key regions stack up.

May 2018 – Regional Stats

I was thinking that perhaps the total value destroyed chart might be interesting this month.  Again, I wonder how Abyssal pockets will affect things.  But the chart didn’t change month over April, save for where there were wars or a least large battles (Wicked Creek saw a big uptick), which leads me to wonder where Abyssal pockets are.  Do your losses count towards the system, constellation, or region in which you enter a pocket, or does that all get counted in another column that isn’t currently part of the chart?

Again, I am waiting for a dev blog on Abyssal pockets and how things have gone.

Anyway, you can find the May monthly economic report in the usual location, which has a bunch of charts I did not cover as well as all the raw data you could want to make your own.