Wednesday, August 18, 2021

The July Monthly Economic Report and the Lull Time in EVE Online

CCP dropped the Monthly Economic Report for July yesterday, a little earlier in the month than usual.  I take this as a further sign that not much goes on at CCP in August, so nobody was too busy elsewhere to run and post the report.

EVE Online nerds harder

That they had time to run and post the report early doesn’t mean that we got a better report.  As gets pointed out in the discussion threat about the July MER, there are still issues including the missing Pochven region and data bleed through across months.  But you work with the data you have, not the data you might want.

While August is a lull time for CCP, July saw the big lull in game.  The weekly peak concurrent numbers that I had been tracking since the start of World War Bee were at their lowest as the stalemate in Delve carried on into its third month and PAPI leadership was talking about taking the summer off.

We all know how that turns around in August now.

An interesting side question revolves around the sudden bump in player wealth at the end of July.  Was that the 235 million ISK in login rewards all Omegas got at the end of the month, the effect of people coming back when the final battle of the war suddenly loomed and PAPI was calling people to get re-subscribed, or a bit of both?  Down below we get a number for the login rewards, and it doesn’t seem like enough for that big of a bump.

July 2021 – Money Supply Over Time (with highlight)

But otherwise the MER is, as always, a month behind so we’ll have to just pretend we haven’t skipped ahead to the good part.  (Or the bad part if you were in TEST or Brave.)  Still, you can see the war slipping away in the Delve net imports/exports numbers for June and July

In June the Delve net trade balance was 138 billion ISK in imports, while in July that changed to 4.69 trillion ISK in exports.  That is a lot of stuff leaving the region.  Somebody was on their way out the door early.

Production

The last few months we have been looking at the impact of the industry changes on production in New Eden, so we may as well start there again with the chart and the red line that tracks it.

July 2021 – Production vs Destruction vs Mined

As you can see, the slide in production continued into July, then turned around a bit mid-month to start climbing a bit.  It is still well below any recent dip, but there was also the slow down in the war and the decline in active users.  The numbers in the regional stats showed 85.23 trillion ISK in production, which is down about 3.5 trillion from the June number, even though the month saw an increase as it moved into August. (The chart goes to August 9th.)

The top regions for production were:

  1. The Forge – 15.33 trillion
  2. Delve – 9.19 trillion
  3. The Citadel – 6.59 trillion
  4. Lonetrek – 6.55 trillion
  5. Vale of the Silent – 4.37 trillion
  6. Fade – 3.91 trillion
  7. Sinq Laison – 3.52 trillion
  8. Domain – 2.83 trillion
  9. Placid – 2.34 trillion
  10. Malpais – 2.22 trillion

Numbers did not change much over the June numbers.  As usual, a lot of the production occurs in the regions adjacent to the Jita trade hub.

Destruction

With the war in a lull the destruction numbers remained flat, ringing in at 27 trillion ISK, down slightly but not a significant amount when compared to June’s 27.65 trillion.

High sec remained to the top of the list when it came to destruction.

  1. Lonetrek – 1.82 trillion
  2. Delve – 1.82 trillion
  3. The Citadel – 1.76 trillion
  4. The Forge – 1.58 trillion
  5. Vale of the Silent – 1.57 trillion
  6. Metropolis – 952 billion
  7. Querious – 871 billion
  8. Sinq Laison – 813 billion
  9. Domain – 793 billion
  10. Genesis – 746 billion

Delve was in the running, narrowly edged out by Lonetrek, but the three regions around Jita again dominate together, being the prime location for suicide ganks and war targets.

Given what we have seen in August so far, Delve should see a huge uptick in destruction if CCP doesn’t botch the numbers as the did back in December.

Mining

Mineral prices started rising again in July even as production stayed low.  This might be due to mineral bottlenecks in the production cycle.  Some higher end mineral caches have likely been burned through at this point.  I mentioned the morphite crunch last month.

July 2021 – Economic Indices

Mineral prices remain very high despite the drop from the record prices of recent months.

On the supply side, 20.57 trillion ISK in ore was mined in July, down about 4 trillion from the June number.  The top regions were:

  1. Vale of the Silent – 1.16 trillion
  2. Domain – 1.02 trillion
  3. The Forge – 934 billion
  4. Metropolis – 686 billion
  5. Insmother – 635 billion
  6. Lonetrek – 507 billion
  7. Kador – 499 billion
  8. Etherium Reach – 489 billion
  9. Genesis – 488 billion
  10. Everyshore – 484 billion

High sec space still holds most of the slots, but Fraternity still tops the list in Vale, FI.RE in Insmother, and Slyce, a PanFam ally, in Etherium Reach.  Those are the null sect hot mining spots.

ISK Faucets

There was a new faucet on the chart in July, the “Redeemed ISK Token,” which I assume is the ISK Omega accounts got for the login reward campaign I mentioned at the top of the post.

July 2021 – Faucet end of the chart big chart

You might need to click on that image to bring it to full size in order to read it… I know I have to and the print is pretty tiny even then… but I underlined the new token item, which apparent injected 9.4 trillion ISK in the New Eden economy.

That doesn’t give us the full extent of the login reward largess, since that ran into August, so some people won’t have redeemed all of the 235 million ISK, and some will have left it in the redemption queue, but if everybody happened to collect and redeem in the first five days, that would be about 40,000 Omega accounts.

Put that number as the new floor on how many subscribers there are.  There can’t be less than that and likely much more.  I’ll follow up on that next month.

The redeemed ISK token also appears on the faucets over time chart.

July 2021 – Top Sinks and Faucets Over Time

That dark blue line spikes up pretty hard at the end of the month.  For a short bit of time it was bringing more ISK into the economy that the other faucets.  But it was also a limited time item, a short blip.

Commodities remained the top ISK producer as usual, with incursions in third place.

July 2021 – Top Commodity Items Over Time

As usual, the wormhold crabs brought in the most ISK with Sleeper components.  Abyssal space and incursion rewards were pretty close, while the miscellaneous line must be related to the Minmatar Liberation Day events that showed up in the second week of the month.

As for NPC bounties, those totaled up to 24.74 trillion ISK in value in July, down just 1.5 trillion from June, with the top regions being:

  1. Vale of the Silent – 1.88 trillion (Fraternity)
  2. The Kalevala Expanse – 1.09 trillion (PanFam)
  3. Insmother – 1.0 trillion (FI.RE)
  4. Tenal – 995 billion (Fraternity)
  5. Esoteria – 993 billion (Army of Mango)
  6. Tribute – 894 billion (Fraternity)
  7. Branch – 867 billion (Fraternity)
  8. Oasa – 846 billion (Fraternity)
  9. Querious – 831 billion (Brave)
  10. Delve – 828 billion (TEST)

We are back again to null sec taking all ten spots.  Fraternity was especially active, but it has been clear from their position on the war and the TTT that they aim to be a significant null sec power in their own right.  Delve and Querious show that TEST and Brave were really bought into the idea of living in Imperium space, an idea shattered this month by the collapse of the PAPI coalition.

Trade

Finally, there is trade, which was up in July, hitting 513 trillion ISK, up from the 489 trillion ISK in trade that June saw.  The top regions for trade remain as consistent as usual.

  1. The Forge – 370 trillion (Jita)
  2. Domain – 39.75 trillion (Amarr)
  3. Delve – 15.75 trillion (Imperium/PAPI)
  4. Sinq Laison – 14.43 trillion (Dodixie)
  5. Lonetrek – 12.09 trillion (Caldari High Sec)
  6. Metropolis – 10.75 trillion (Hek)
  7. Heimatar – 8.26 trillion (Rens)
  8. Essence – 4.65 trillion (Gallente High Sec)
  9. The Citadel – 3.63 trillion (Caldari High Sec)
  10. Vale of the Silent – 3.23 trillion (Fraternity)

And so it goes.

The next report will be interesting.  Destruction should be way up again, trade up due to fuel scarcity, and the remains of the ISK token login rewards to account for.

As always, you can find more charts and all the data on the MER dev blog.

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