Mongolia’s industrial output figures shows increase of MNT 1.1 trillion

Economy
Author : E.Altanzul e.altanzul@montsame.gov.mn 2018-06-12 18:43:01
Ulaanbaatar /MONTSAME/ In the first 5 months of 2018, the gross industrial output reached MNT 6.0 trillion, showing an increase of MNT 1.1 trillion (23.3%) from the same period of the previous year. The main factor of this increase was due to an increase of mining and quarrying gross output by MNT 827.1 billion (23.7%), of which mining of coal by MNT 511.2 billion (48.0%) and mining of metal ores by MNT 252.0 (12.6%) billion.

The seasonally adjusted industrial production index in May 2018 was 170.6 (2010=100), increased by 4.1% from the same period of the previous year, by 11.5% from the end of the previous year and by 3.9% from the previous month.

Compared to the same period of last year, the most increase in the main production of the mining and quarrying sector in the first 5 months of 2018 goes to gold, copper concentrate, zincum concentrate, iron ore and crushed stone by 2.5% to 39.0%. In the manufacturing sector, major growth was observed in beer, fodder, combed down, vacuum windows and doors, sawn wood, alcoholic beverage, knitted goods, sausage products, buuz and dumpling by 6.5-27.8%, respectively.

The most decrease of production in the mining and quarrying sector observed for fluor spar, coal, crude oil and molybdenum concentrate by 1.8-9.4% and copper, horse meat production and wooden building door and windows of the manufacturing sector by 3.4-95.5%, respectively. In the first 5 months of 2018, the sold production of industry reached MNT 6.9 trillion and MNT 4.9 trillion (72.0%) of sold production that were exported.
Source: National Statistics Office