GROSS INDUSTRIAL OUTPUT INCREASED BY 35.8 PERCENT IN JANUARY

By preliminary results of January 2021, the gross industrial output reached MNT 1.6 trillion, increased by MNT 415.9 billion (35.8%) from the same period of the previous year.

This increase was mainly due to MNT 325.6 billion (42.8%) increase in mining and quarrying gross output and MNT 79.7 billion (30.7%) increase in manufacturing output. Also, the output of electricity, gas, steam, air conditioning supply increased by MNT 9.8 billion (7.5%) and the output of water supply, sewerage, waste management, and remediation activities increased by MNT 777.2 million (7.2%) from the same period of the previous year.

By preliminary results of January 2021, the mining and quarrying gross output reached MNT 1.1 trillion, increased by MNT 325.6 billion (42.8%) from the same period of the previous year. This increase was mainly due to increases in the mining of metal ores by 65.2 billion (14.9%), extraction of crude petroleum by MNT 12.8 billion (21.1%), and mining of coal and lignite by MNT 257.1 billion (2.1 times) from the same period of the previous year.

The gross industrial output decreased by MNT 210.8 billion (11.8%) from the previous month. This decrease was mainly due to MNT 231.7 billion (17.6%) decrease in mining and quarrying gross output. By preliminary results of the mining and quarrying sector in January of 2021, extraction of copper concentrate, gold, fluorspar, crude oil, and hard coal increased by 0.3% to 2.0 times compared to the same period of the previous year. In the manufacturing sector, production of main products such as lime, alcohol, soft drinks, juice, milk, flour, meat, refined coal increased by 1.1% to 2.7 times compared to the same period of the previous year. Also, the production of coal briquettes and face masks increased by 79.1% to 7.9 times more compared to the same period of the previous year.