Decreases showed in extraction of molybdenum concentrate and goldEconomy
the first 8 months of 2019, the gross industrial output reached MNT 11.4
trillion, showing an increase of MNT 1.5 trillion (15.5%) from the same period
of previous year. This increase was mainly due to an increase of mining and
quarrying gross output by MNT 1.2 trillion (17.2%), of which mining of coal
increased by MNT 1.2 trillion (49.2%) and mining of metal ores increased by MNT
60.0 billion (1.5%).
In August 2019, the gross industrial output reached MNT 1.6 trillion and increased by MNT 135.5 billion (9.3%) compared to the previous month.
In August 2019, the seasonally adjusted industrial production index was 176.2 (2010=100), increased by 11.5% from the same period of previous year, whereas, it is decreased by 1.6% from the end of previous year and by 0.5% from the previous month.
In the first 8 months of 2019, in mining sector, extraction of zinc concentrate, crude oil, copper concentrate, fluorspar, gravel, coal and iron ore are increased by 0.4-36.0% compared to the same period of previous year, which in manufacturing sector, production of wooden products, horse meat, vacuum windows and doors, cashmere products, buuz and dumpling, wooden window and door are increased by 2.2% to 2.7 times more.
On the other hand, in mining sector, extraction of molybdenum concentrate and gold are decreased by 4.7-20.5%. In manufacturing sector, productions of beer, sausage products, alcoholic beverage, copper cathode, combed cashmere, and fodder are decreased by 2.7-35.6% compared to the same period of previous year.
In the first 8 months of 2019, the sales of industrial production reached MNT 13.5 trillion, increased by MNT 2.0 trillion (17.7%) from the same period of previous year. From the total sales of industrial production, MNT 9.5 trillion (70.4%) were export.
Source: National Statistics Office of Mongolia