Sales of industrial production increase by MNT1.9 trillion in the first 11 months of 2019Economy
Ulaanbaatar/MONTSAME/. In the first 11 months of 2019, the gross industrial output reached MNT 16.0 trillion, showing an increase of MNT 1.8 trillion (12.8%) 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 (13.3%), of which mining of coal increased by MNT 1.4 trillion (38.1%) and other mining and quarrying increased by MNT 15.3 billion (12.6%).
In November 2019, the gross industrial output reached MNT 1.5 trillion, it is decreased by MNT 102.8 billion (6.6%) compared to the previous month.
In November 2019, the seasonally adjusted industrial production index was 171.5 (2010=100), decreased by 2.9% from the same period of previous year and by 3.6% from the end of previous year, whereas, it is increased by 1.5% from the previous month. In the first 11 months of 2019, in mining sector, coal, crude oil, gravel, fluorspar and iron ore are increased by 7.9-37.4% compared to the same period of previous year. In manufacturing sector, production of vacuum windows and doors, cashmere products, buuz and dumpling, wooden window and door are increased by 0.1-86.0%.
On the other hand, in mining sector, extraction of zinc concentrate, copper concentrate, extraction of molybdenum concentrate and gold are decreased by 2.3-22.9%. In manufacturing sector, productions of beer, sausage products, wooden products, alcoholic beverage, horse meat, copper cathode, fodder and combed cashmere are decreased by 0.5-34.5% compared to the same period of previous year.
In the first 11 months of 2019, the sales of industrial production reached MNT 18.4 trillion, increased by MNT 1.9 trillion (11.7%) from the same period of previous year. From the total sales of industrial production, MNT 12.5 trillion (68.1%) were export.
Source: National Statistics Office