Tag Archives: EVE Monthly Economic Report

MER Checking in on Mining before the Nerf

As I wrote last month, I am going to try to look at more specific aspects of the monthly economic report going forward.  We got the March report last week, just a couple days after the April update introduced a series of nerfs to both ratting and mining.  I took a measure of ratting last month, so this time around I want to get the “before” picture for mining.

March 2019 – Mining Value by Region

There was, as usual, a lot of mining going on in March, a good chunk of it in Delve.

March 2019 – Mining Value by Region – Bar Graph

Delve is, of course, where the Imperium lives.  Second place goes to Esoteria.  Both regions were up over February.  Overall, according to the raw data that comes with the report there was about 56 trillion ISK worth of ore mined in February, which went up to just shy of 59 trillion ISK worth of ore mined in March.

The price of ore itself was up just a bit in March.

March 2019 – Economic Indices

I am not sure that is enough to account for the difference between the two months, but overall the count is close enough that the two months are pretty on par.  February being three days shorter than March could make up the difference.  Dividing the total amount by the days shows the per day yield tilted towards February, with 2 trillion ISK per day versus 1.9 trillion ISK per day in March.  Still, pretty close.

Last Tuesday the update hit with nerfs to Rorqual mining, specifically:

  • Reduced the bonus to shield boost amount provided by the Industrial Core to 60% for T1 Industrial Cores and 75% for T2 (was 120% and 140% respectively)
  • Reduced the base duration of the PANIC module to 4 minutes (was 5 minutes)
  • Increased the bonus to mining foreman burst strength provided by the Industrial Core to 30% for T1 Cores and 36% for T2 (was 25% and 30% respectively)
  • ‘Excavator’ Mining Drone base mining yield decreased to 80m3 (was 100m3)
  • ‘Excavator’ Ice Harvesting Drone base cycle time slowed to 310s (was 250s)
  • Excavator drone volume increased to 1100m3 (was 750m3) and Rorqual drone bay volume increased to 8800m3 (was 6000m3)

Reduced yield and slower cycle times for excavator drones are direct swipes at Rorqual mining efficiency.  Reduced PANIC duration makes Rorquals more likely to die while waiting for rescue to arrive and larger excavator drones means that Rorqual pilots won’t be able to stash so many excavators in mobile depots to save them from destruction.

The Rorqual also won’t provide as much protection to mining barges and exhumers in their fleets, though the mining yield for those craft will go up, an incentive to fly the smaller and more vulnerable subcap mining ships.

So the question is whether or not these changes will have any impact.  We will have to wait for the economic report for April to come out next month to see.

Meanwhile, going back to last month’s post, the top sinks and faucets chart shows bounties were down a bit, continuing the trend from February.

March 2019 – Top Sinks and Faucets over time

Overall February and March were not that far apart, being about 70 and 71 trillion ISK in bounties respectively, but the chart is trending down and the bounty payouts per day were almost 2.5 trillion ISK per day in February while that sank to 2.3 trillion ISK per day in March.  We will see if the April update changes, which hit fighter damage application against sub caps (which hurts carrier/super carried mining) and nerfs to the Vexor Navy Issue (the favored AFK anomaly sub cap) keeps that trend pointed down.

You can find the full March economic report here, which includes all the usual charts and graphs, plus the data used to generate them.

The MER and Too Much ISK

The EVE Online monthly economic report is out for activity in February and I am not all that excited about it.

It has been two years since I started posting regularly about the EVE Online monthly economic report, this being the 24th such post.  At the start it was about charting the growth of the economy in Delve after we fled there following the Casino War.  Then it became an attempt to watch the economy over time, to chart the course, not anomalies, and to see if changes CCP made would have any impact on things.

Over time the monthly post became formulaic.  You can look at the last few months and see that I have noted a little rise in something here, a little decline in something there, that and event or a war meant people spent less time ratting and mining and more time blowing things up, but otherwise there hasn’t been all that much dramatic.

Basically, the idea has become a bore.  Not very exciting to write and, I suspect, even less so to read.

The New Eden economy is still important and is fairly unique in its pervasiveness in an MMORPG and I still want to write about it.  So, instead of the same dozen charts every month I think I will try to focus on one of two things that are indicative of some problem or change.

This month it will be a problem, and the problem will be that most wicked of problems, money… as in there is too much of it in the New Eden economy and somebody needs to turn down the taps.  The CSM minutes section the economy brings this up, both that it encourages botting and that it is driving up the price of PLEX.

They [CCP] say that the biggest problem is botting which is an ongoing for a long time. In general, CCP wants to tune down the faucets for ISK and minerals which they think are a bit high right now.

Even Hilmar was on about ISK during his AMA on the EVE Forums earlier.

I think the situation with the ISK economy is out of control. There are too many ways to create risk free ISK income streams.

There is a lot of ISK pouring into the game every month.

February 2019 – ISK Sinks and Faucets

Of the 107 trillion ISK that entered the economy via various faucets, 65% of it was from NPC bounties.  And February was a bit of a down month for ratting.

February 2019 – Top Sinks and Faucets over time

The month before it was 130 trillion ISK coming into the economy, with NPC bounties holding the same percentage.

CCP has been taking money out of the economy by chasing botters and illicit RMT, as covered over at The Nosy Gamer.  But that is a labor intensive effort that isn’t as easy as you probably imagine it, made even harder by the fact that a false positive… banning the wrong person… is more than a minor faux pas.  Meanwhile clever botters carry on undetected.  So CCP seems to be targeting anomaly ratting again.   I recently demonstrated how that could be a pretty hands off activity, making it a ripe avenue for bots.

While the Spring Balance changes coming in on the 9th of next month are headlined by a rework of remote repairs, there are a couple items in there likely aimed at botting and ISK generation.

The Vexor Navy Issue, the most favored sub-cap hull for null sec anomalies, is having its drone velocity boost removed, so anoms will take a bit longer, and its signature radius increased, so NPCs will be more likely to hit it.  Likewise, the Gila, more of an abyssal space boat, is having its drone hit point bonus reduced from 500% to 250%.

While cast as a PvP change, the planned nerf to fighter damage application versus subcaps will also have an impact on ratting, where the super carrier money machines lurk in relative safety.  This, and the March update to anomaly respawn times could have an impact on ratting income.

Maybe.

We’ll see.  I’d have expected more for such a high priority item.

And we won’t be able to see until May, which is when we’ll get the ratting data from April, so I will have to mark this down as something to come back to.  But I guess that was the idea.

Which leaves what to say about next month’s MER.  I think I will look into mining for that, taking a final measure or the rate of rock crunching in the report on March.

Anyway, all the usual charts and data are still available in the MER dev blog if you want the bigger picture.

MER – New Eden Numbers for a New Year

We’re already into the back half of February and the Monthly Economic Report for January has finally made its appearance.  I suppose CCP had an update to push and event to launch, though the latter was pretty small while the former… well, the less said the better I suppose.

But now we have some charts and numbers to stare at finally.  So I might as well open up with mining, my usual start point.

January 2019 – Mining Value by Region

Mining was up some in our benchmark region of Delve, moving from 12.2 trillion ISK in ore mined to 14 trillion.

January 2019 – Mining Value by Region – Bar Graph

The bar graph shows that the top five regions for mining output remained the same, with Imperium owned Querious passing Detroid where Fraternity lives.  The top three all saw an increase in mining output, while the next two, Detroid and Branch saw a decrease.

Given that the price of ore was up slightly, if all things were otherwise equal, output should have been up.  That the Imperium and TEST (in Esoteria) have deployed some groups to the east of null sec may be suppressing output there.

January 2019 – Economic Indices

While up a bit, mineral prices are still near an all time low for New Eden.  That they bottomed out seems to suggest that we have hit a natural price floor.

On the production front, both Delve and The Forge, the top two regions, say a small decline.

January 2019 – Production Values by Region

Delve remains the top region, though the three regions that directly feed Jita, The Forge, Lonetrek, and The Citadel, still combine to more than Delve, totaling up to over 56 trillion ISK in production.

January 2019 – Production Values by Region – Bar Graph

Looking at the bar graph, you can see Esoteria (TEST) and Detroid (Fraternity) are not far behind, holding fifth and sixth place overall, indicating that they are also building up capital ships and the like.

On the market value front, The Forge, home of Jita, continues to dominate the numbers there.

January 2019 – Trade Value by Region

Trade in The Forge was down a little, but not enough to put any other region in the same ballpark, to the point that you have to exclude The Forge for the bar graph to show anything about the rest of New Eden.

January 2019 – Trade Value by Region – Bar Graph, Forge Excluded

The ranking of the second tier systems remained unchanged, with Domain, home of Amarr, in second followed by Delve.

And then there is the big ISK faucet in New Eden, NPC bounties.

January 2019 – NPC Bounties by Region

Delve, unsurprisingly, remained at the top of the heap, up two trillion ISK over December.  The Imperium has some SIGs and squads deployed, but otherwise continues to farm Delve under the protective supercap umbrella.

January 2019 – NPC Bounties by Region – Bar Graph

The next four regions remained in the same rank as before, Branch (GotG), Detroid (Fraternity), Esoteria (TEST), and Querious (Imperium), with all of them up for January.  That led to a new all time high.

January 2010 – Top Sinks and Faucets

NPC bounties peaked at that new all time high early in January, but was drawn back down some mid-month.  My guess is that the fighting in the east of null sec and the ongoing showdown over the Perimeter Keepstar trade hub drew some people away from their ISK collecting.  I keep thinking that maybe CCP will make some more tweaks to address this growing ISK glut, but players rolled right over the last change that was supposed to slow down titan and super ratting.  We’re like that.

Of course, maybe CCP has its eyes elsewhere.

January 2019 – Sinks and Faucets

Despite the peak in NPC bounties, overall ISK in the game went down slightly, with the infamous “Active ISK Delta,” which includes GM’s going after botters and RMT sales, pulling 95 trillion ISK out of the economy.  In addition to bans, they are moving level 4 and 5 missions to Omega only status to close the courier mission botting exploit.  Go CCP!

And, finally, the region summary chart with which I like to end, the regional summary.

January 2019 – Regional Stats

That gives you a nice overview of what each region has going on.

The Forge, while down from December, leads in total ship destruction.  That number that will likely go up with Burn Jita 2019 hitting this Friday.  And Geminate, where some SIGs and squads are deployed, saw its destruction number trending up.

And in a few weeks, or maybe less, we’ll see what February did in New Eden.

 

MER – Hard Knocks Distraction and a Slight Mineral Price Rebound

We’re into the new year, but news and data from the old is still being put together.  Information and reports always lag behind.  And so it is here in shiny new 2019 CCP has posted the final Monthly Economic Report for 2018 covering the month of December.

What did we do in New Eden while many of us had some extra time off?

Well, to start off with mining, where I traditionally begin, it looks like we mined less.  At least we mined less in Delve.

December 2018 – Mining Value by Region

Delve still remains way out in front of all other regions, something more easily visualized on the bar graph.

December 2018 – Mining Value by Region – Bar Graph

Delve clocked in at 12.2 trillion ISK in value mined, down from the 15.5 trillion ISK mined in November.  And November was down from voracious 19 trillion ISK that was mined in October.

Previously I speculated as to whether the down turn in mining might be related to the dropping price of minerals, mining output being valued by what the market will pay.  And I might have gone to that as a potential explanation again this month, except that the price of minerals rebounded a bit in December.

December 2018 – Economic Indices

The price is still down near the three year low (though still a bit above the all time low), but still up some, enough that the drop in mining measured in Delve cannot be due to price.  Instead, it appears that people just mined a bit less.  This might even be related to the low price.  Ideally Adam Smith’s invisible hand will push supply and demand towards equilibrium.  A low enough price ought to get people to drop mining in favor of other economic endeavors.

But there was a week last month when a lot of us were in wormhole space blowing up that Hard Knocks Keepstar.  That might also explain the dip in Delve and the minor rise in the mineral price.

And all the more so since other places were on the rise.  Second place Esoteria, TEST’s home turf, was up a trillion ISK over November, as was third place Detroid, home of Fraternity.

Querious, another Imperium region, was down half a trillion ISK, leaving it in fourth place.  While still dominant, out mining the next three regions combined, Delve seemed to have been distracted by other events for a bit in December.

On the production front Delve remained steady.

December 2018 – Production Values by Region

Delve production was off by such a small number as to be effectively the same in December.  Likewise The Forge, Lonetrek, and The Citadel regions, the production areas that directly feed the Jita market, saw very little change between November and December.

December 2018 – Production Values by Region – Bar Graph

TEST was busy in Esoteria though, as production there climbed, pushing the region ahead of Lonetrek and The Citadel in the ranking.  It is now in third place, even if it is a distant third.  Other null sec regions also saw bumps in production since last month.

Trade value by region saw very little change in December.  The Forge, home to Jita, still dominates.

December 2018 – Trade Value by Region

Leaving The Forge out of the picture, the rest of New Eden stacks up behind Domain.

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

Delve held on to third place, not closing in on Domain and the trade hub in Amarr, but still staying comfortably ahead of the other high sec trade hubs as well ahead of any null sec region.  Delve continues to try and have its own economy in a single region.

And then there is the big faucet, NPC bounties.

December 2018 – NPC Bounties by Region

Delve remains at the top of the chart on this front.

December 2018 – NPC Bounties by Region – Bar Graph

Delve, while still in the lead, was down, as were the other Imperium regions, perhaps reflecting the coalition being distracted by blowing up structures in wormhole space for about a week.  Other regions, however, were up.  Of note were Branch (GotG), Esoteria (TEST), and Detroid (Fraternity), which were undisturbed.

You can even seen the week where the Imperium was in w-space on the sinks and faucets chart. (I was rolling back home around where the line spikes up, with a lot of other people traveling with.)

December 2018 – Top Sinks and Faucets

It is interesting to see what else on that chart dipped (or rose) in conjunction with the dip in bounty payments.  And, of course, once everybody was back from wormhole space bounties jumped to an all time high yet again, something I suspect that CCP will feel the need to address at some point.

Then there is the final chart, which compares some select regions across several parameters.

December 2018 – Regional Stats

And so it goes, the end of another year.  We will see if next month sees a continuation in the rise in NPC bounty payouts.  Or maybe something will happen to distract us again.

As usual, you can find all the charts and the raw data used to create this report over in the dev blog.

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.)