SALES OF INDUSTRIAL PRODUCTION INCREASE BY MNT1.9 TRILLION IN THE FIRST 11 MONTHS OF 2019

In the first 11 months of 2019, the gross industrial output reached MNT 16.0 trillion, showing an increase of MNT 1.8 trillion (12.8%) from the same period of previous year. This increase was mainly due to an increase of mining and quarrying gross output by MNT 1.4 trillion (13.3%), of which mining of coal increased by MNT 1.4 trillion (38.1%) and other mining and quarrying increased by MNT 15.3 billion (12.6%).

In November 2019, the gross industrial output reached MNT 1.5 trillion, it is decreased by MNT 102.8 billion (6.6%) compared to the previous month.

In November 2019, the seasonally adjusted industrial production index was 171.5 (2010=100), decreased by 2.9% from the same period of previous year and by 3.6% from the end of previous year, whereas, it is increased by 1.5% from the previous month. In the first 11 months of 2019, in mining sector, coal, crude oil, gravel, fluorspar and iron ore are increased by 7.9-37.4% compared to the same period of previous year. In manufacturing sector, production of vacuum windows and doors, cashmere products, buuz and dumpling, wooden window and door are increased by 0.1-86.0%.

On the other hand, in mining sector, extraction of zinc concentrate, copper concentrate, extraction of molybdenum concentrate and gold are decreased by 2.3-22.9%. In manufacturing sector, productions of beer, sausage products, wooden products, alcoholic beverage, horse meat, copper cathode, fodder and combed cashmere are decreased by 0.5-34.5% compared to the same period of previous year.

In the first 11 months of 2019, the sales of industrial production reached MNT 18.4 trillion, increased by MNT 1.9 trillion (11.7%) from the same period of previous year. From the total sales of industrial production, MNT 12.5 trillion (68.1%) were export.

Source; https://montsame.mn/en/read/209723