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Sales of industrial production decreased by 25.8 percent www.montsame.mn
Ulaanbaatar/MONTSAME/. According to the preliminary results, in the first two months of 2020, the gross industrial output reached MNT 2.2 trillion, showing a decrease of MNT 360.7 billion (14.2%) from the same period of the previous year. This decrease was mainly due to the decrease in the gross mining and quarrying output by MNT 439.2 billion (23.8%) while manufacturing output increased by MNT 36.7 billion (8.0%), electricity, thermal energy and water supply output by MNT 41.7 billion (18.3%), respectively.
In February 2020, the gross industrial output reached MNT 1.0 trillion, showing a decrease of MNT 99.6 billion (8.8%) from the previous month. This decrease was mainly due to the decline in the mining and quarrying output by MNT 85.7 billion (11.5%) and manufacturing production by MNT 9.7 billion (3.8%).
The gross industrial output was made up of the mining and quarrying sector (64.6%), the manufacturing industry (22.9%) and electricity, thermal energy and water supply sector (12.5%).
By preliminary results, in the first two months of 2020, the gross mining and quarrying output showed a decrease of MNT 439.2 billion (23.8%) from the same period of the previous year. It was mainly due to decreases in the mining of coal and lignite by MNT 325.7 billion (39.6%), extraction of crude petroleum by MNT 84.5 billion (55.4%) and mining of metal ores by MNT 28.9 billion (3.4%), respectively.
In February 2020, the gross mining and quarrying output reached MNT 658.6 billion, showing a decrease of MNT 85.7 billion (11.5%) from the previous month. It was mainly due to the decline in the extraction of crude petroleum by MNT 53.3 billion (87.8%) and the mining of metal ores by MNT 51.5 billion (11.8%).
In the first two months, 58.6% of the gross mining and quarrying output was produced in the mining of metal ores, 35.4% – the mining of coal and lignite, 4.8% – the extraction of crude petroleum, as well as 1.1% – in other mining and quarrying.
According to the preliminary results of the first two months of 2020, the extraction of fluorspar and gold has increased by 6.5-71.7%, compared to the same period of the previous year. In the manufacturing sector, production of concentrated coal, milk, wheat flour, lime, productions of pure water, soft drink, juice, and coal briquette increased by seven times from 8.4%.
In the mining and quarrying sector, the extraction of iron ore, brown coal, copper concentrate, hard coal and crude oil showed a decrease of 1.8- 61.8%. In the manufacturing sector, productions of metal foundries, cashmere products, alcoholic beverages, combed cashmere, copper cathode, metal steel, and meat have decreased by 6.4-54%, compared to the same period of the previous year.
In the first two months of 2020, the sales of industrial production reached MNT 2.1 trillion, decreased by MNT 733.1 billion (25.8%) from the same period of the previous year. This decrease was mainly due to the decrease of MNT 825.7 billion (41.8%) in the sales of mining and quarrying, while the sales of manufacturing sector increased by MNT 50.1 billion (7.9%) and sales of electricity, thermal energy and water supply by MNT 42.5 billion (18.5%), respectively.
For the total sales of industrial production, MNT 1.2 trillion (55.6%) were from the export, of which the export of mining and quarrying was MNT 936.3 billion (80.1%), and the export of manufacturing was MNT 233.1 billion (19.9%).
Published Date:2020-03-17
