GROSS INDUSTRIAL OUTPUT INCREASED BY MNT38.5 BILLION IN OCTOBER

In the first 10 months of 2019, the gross industrial output reached MNT 14.6 trillion, showing an increase of MNT 1.7 trillion (13.2%) from the same period of previous year. This increase was mainly due to an increase of mining and quarrying gross output by MNT 1.3 trillion (14.5%), of which mining of coal increased by MNT 1.3 trillion (41.0%) and other mining and quarrying increased by MNT 15.4 billion (13.7%).

In October 2019, the gross industrial output reached MNT 1.6 trillion, it is increased by MNT 38.5 billion (2.5%) compared to the previous month.

In October 2019, the seasonally adjusted industrial production index was 172.8 (2010=100), decreased by 8.2% from the same period of previous year, by 4.0% from the end of previous year and by 1.7% from the previous month.

In the first 10 months of 2019, in mining sector, coal, crude oil, gravel, fluorspar and iron ore are increased by 8.7-39.6% 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 14.0% to 2.1 times more.

On the other hand, in mining sector, copper concentrate, extraction of zinc concentrate, extraction of molybdenum concentrate and gold are decreased by 1.3-24.8%. In manufacturing sector, productions of beer, wooden products, sausage products, alcoholic beverage, copper cathode, horse meat, combed cashmere and fodder are decreased by 0.7-33.0% compared to the same period of previous year.

In the first 10 months of 2019, the sales of industrial production reached MNT 16.8 trillion, increased by MNT 1.9 trillion (13.0%) from the same period of previous year. From the total sales of industrial production, MNT 11.6 trillion (69.0%) were export.

Source; https://www.montsame.mn/en/read/207112