Gross industrial output reaches MNT1.3 trillion in March
EconomyUlaanbaatar/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