Gross industrial output reaches MNT1.3 trillion in MarchEconomy
Ulaanbaatar/MONTSAME/ In the first quarter of 2019, the gross industrial output reached MNT 3.8 trillion, showing an increase of MNT 572.3 billion (17.5 percent) from the same period of the previous year. This increase was mainly due to an increase of mining and quarrying gross output by MNT 498.4 billion (21.3 percent), of which mining of coal increased by MNT 505.4 billion (64.9 percent) and mining of metal ores increased by MNT 17.2 billion (1.4 percent).
In March 2019, the gross industrial output reached MNT 1.3 trillion and increased by MNT 128.1 billion (10.6 percent) compared to the previous month.
In March 2019, the seasonally adjusted industrial production index was 187.3 (2010=100), increased by 5.3 percent from the same period of the previous year and by 6.5 percent from the previous month, whereas, it decreased by 0.2 percent from the end of the previous year.
In the first quarter of 2019, in mining sector, extraction of zinc concentrate, iron ore, copper concentrate, coal and gravel are increased by 2.4-43.2 percent compared to the same period of 2018. In manufacturing sector, production of beer, vacuum windows and doors, cashmere products, buuz and dumpling, combed cashmere and wooden window and door are increased by 2.0-97.1 percent.
On the other hand, in mining sector, extraction of fluorspar, crude oil, molybdenum concentrate and gold decreased by 4.2-30.1 percent. In manufacturing sector, productions of wooden products, copper cathode, sausage products, alcoholic beverage, fodder and horse meat are decreased by 1.6-48.1 percent.
In the first quarter of 2019, the sales of industrial production reached MNT 4.6 trillion, increased by MNT 790.9 billion (20.7 percent) from the same period of previous year. From the total sales of industrial production, MNT 3.4 trillion (74.1 percent) were export.
Source: National Statistics Office of Mongolia