Economy

Industrial output ups 2017-10-12 14:29

In the first 9 months of 2017, the gross industrial output reached MNT 9.4 trillion, showing an increase by MNT 2.6 trillion (37.4%) from the same period of the previous year. The main factor of this increase was due to mining and quarrying gross output’s rise by MNT 2.1 trillion (43.5%), of which mining of coal and lignite, extraction of peat by MNT 1.1 trillion (2.5 times more) and mining of metal ores by MNT 0.8 trillion (23.0%).

The seasonally adjusted industrial production index was 176.1 (2010=100) in September 2017, rising by 20.3% compared with same period of last year, by 10.0% from the end of previous year and by 3.5% from the previous month. If compared to the same period of previous year, in the first 9 months of 2017, the most increase of production in the mining and quarrying sector goes to gold, molybdenum concentrate, crushed stone, coal and iron ore by 5.8-73.7%. 

In the manufacturing sector major growth was observed in alcoholic beverage, beer, combed down, knitted goods, buuz and dumpling, fodder and horse meat production by 2.4% to 5.6 times more. 
 
But, the most decrease of production in the mining and quarrying sector observed in crude oil, copper concentrate, zinc concentrate and fluor spar by 7.2-39.2 % and in copper, sawn wood, kind of sausage, vacuum windows and doors and wooden building door and windows by 2.5-26.8 % in the manufacturing sector.
 
In the first 9 months of 2017, the sold production of industry reached MNT 11.0 trillion and MNT 7.4 trillion (67.3%) of sold production were exported.

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