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GROSS INDUSTRIAL OUTPUT DROPS BY 18.4 PERCENT FROM PREVIOUS YEAR


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GROSS INDUSTRIAL OUTPUT DROPS BY 18.4 PERCENT FROM PREVIOUS YEAR

17 Sep, 2020
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According to the preliminary results, the gross industrial output reached MNT 9.6 trillion in the first eight months of 2020, decreased by MNT 2.2 trillion (18.4%) from the same period of the previous year. This decrease was mainly due to MNT 2.2 trillion (25.5%) decrease in mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 63.6 billion (9.0%) compared to the same period of the previous year.

 

By preliminary results, the mining and quarrying gross output reached MNT 6.4 trillion in the first eight months of 2020, decreased by MNT 2.2 trillion (25.5%) from the same period of the previous year. This decrease was mainly due to the decline in the mining of coal and lignite by MNT 2.1 trillion (57.8%), and extraction of crude petroleum by MNT 473.6 billion (69.9%) compared to the same period of the previous year.

In August 2020, the gross industrial output reached MNT 1.4 trillion, decreased by MNT 19.0 billion (1.4%) from the previous month. This decrease was mainly due to MNT 31.5 billion (3.2%) decrease in mining and quarrying output.

By the preliminary results of the first eight months of 2020, in the mining and quarrying sector, extraction of iron ore, fluorspar, and gold increased by 3.9-33.2 percent compared to the same period of the previous year. In the manufacturing sector, the production of alcoholic beverages, alcohol, pure water, soft drink, juice, cement, wheat flour, and milk increased by 0.8-13.8 percent compared to the same period of the previous year. Also, the production of coal briquette, mask, sanitizer, other types of drugs, and disinfectants for treatment and prevention increased by 1.5 to 22.9 times more compared to the same period of the previous year.

However, in the mining and quarrying sector, extractions of brown coal, copper concentrate, hard coal and crude oil decreased by 4.6-58.4 percent. In the manufacturing sector, productions of lime, cashmere products, copper cathode 99%, meat, metal steed, concentrated coal, combed cashmere and cigarettes decreased by 4.2-50.3 percent compared to the same period of the previous year.

By the preliminary results of the first 8 months of 2020, the sales of industrial output reached MNT 10.8 trillion, decreased by MNT 3.0 trillion (21.7%) compared to the same period of the previous year. This decrease was mainly resulted from MNT 2.8 trillion (29.2%) decrease in sales of mining and quarrying and MNT 219.1 billion (6.5%) decrease in sales of manufacturing, respectively.

The sales of mining and quarrying output decreased by MNT 2.8 trillion (29.2%) compared to the same period of the previous year. This decrease was mainly resulted MNT 2.1 trillion (60.6%) decrease in sales of coal mining and MNT 450.4 billion (70.6%) decrease in sales of crude petroleum extraction, respectively.

In the total sales of industrial output, MNT 5.9 trillion (54.4%) was export, of which MNT 4.9 trillion (82.9%) was export of mining and quarrying output.

In the total of MNT 4.9 trillion export of mining and quarrying output, 69.1 percent was metal ores, 24.6 percent was of coal and lignite, 3.8 percent was crude petroleum, 2.4 percent was other mining and quarrying output.

In August 2020, the seasonally adjusted industrial production index was 102.5 (2015=100), decreased by 14.0 percent from the same period of the previous year, by 5.7 percent from the end of the previous year, and by 3.5 percent from the last month.

 

 

Source: https://montsame.mn/en/read/236615

 


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