Ulaanbaatar
Industrial production advances slightly in first two quarters
EconomyUlaanbaatar /MONTSAME/ The industrial production index (seasonally adjusted) was 147.1 (2010=100) in June 2016 which increased by 3.1 percent against the end of May, and by 10.9 percent compared with the same period of the previous year.
In the mining and quarrying sectors, the extraction of products such as iron ore, coal, molybdenum with concentrate, crude oil, copper with concentrate and gold increased by 3.6 percent to 78.4 percent and in the manufacturing sector the output of products such as bakery, wooden doors and windows, cathode copper (99%), soft drinks, spirit, alcoholic beverages, sausages, railway sleepers, electric wires, printing plastic cards increased by 1.2 percent - 2.2 times against the same period of the previous year.
However, extraction of products such as zinc concentrate, fluorspar concentrate, broken or crashed stone decreased by 6.2-50.3 percent.
In the manufacturing sector, production of major consumer products such as beer, buuz and dumpling, metal sleepers, lime, cement, articles of iron concrete, sawn wood, windows and doors, metal steel, metal foundries and steel casting decreased by 0.6-96.1 percent.
Construction and capital repair works’ volume in the first half of 2016 declined by MNT 276.0 million or 0.04 percent compared with the same period of last year. The decrease was mainly due to the slack of MNT 19.9 billion or 61.0 percent in the works done by foreign construction entities.
