Sales of industrial production increase by 14.3 percentEconomy
Ulaanbaatar/MONTSAME/. In the first 9 months of 2019, the gross industrial output reached MNT 13.0 trillion, showing an increase of MNT 1.7 trillion (15.0%) 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 (16.7%), of which mining of coal increased by MNT 1.4 trillion (50.6%) and other mining and quarrying increased by MNT 6.4 billion (6.2%).
In September 2019, however, the gross industrial output reached MNT 1.5 trillion, it is decreased by MNT 63.2 billion (4.0%) compared to the previous month.
In September 2019, the seasonally adjusted industrial production index was 166.7 (2010=100), it is decreased by 4.8% from the same period of previous year, by 7.1% from the end of previous year and by 5.1% from the previous month.
In the first 9 months of 2019, in mining sector, crude oil, fluorspar, coal, gravel and iron ore are increased by 2.2-37.3% compared to the same period of previous year, which in manufacturing sector, production of horse meat, vacuum windows and doors, cashmere products, buuz and dumpling, wooden window and door are increased by 13.5% to 2.2 times more.
On the other hand, in mining sector, extraction of zinc concentrate, copper concentrate, extraction of molybdenum concentrate and gold are decreased by 0.3-24.1%. In manufacturing sector, productions of beer, sausage products, wooden products, alcoholic beverage, copper cathode, combed cashmere and fodder are decreased by 1.2-34.4% compared to the same period of previous year.
In the first 9 months of 2019, the sales of industrial production reached MNT 15.1 trillion, increased by MNT 1.9 trillion (14.3%) from the same period of previous year. From the total sales of industrial production, MNT 10.5 trillion (69.9%) were export.
Source: National Statistics Office of Mongolia