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Gross industrial output reaches MNT1.5 trillion in February www.montsame.mn
According to the preliminary results, in the first 2 months of 2021, the gross industrial output reached MNT 3.1 trillion, increased by MNT 845.2 billion (38.3%) from the same period of previous year. It was mainly due to MNT 696.2 billion (49.1%) increase in the mining and quarrying gross output and MNT 125.4 billion (24.5%) increase in the manufacturing output. Also, the electricity, thermal energy and water supply production output increased by MNT 21.3 billion (8.2%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 2.4 billion (11.3%) from the same period of year.
In February 2021, the gross industrial output reached MNT 1.5 trillion, decreased by MNT 107.3 billion (6.8%) from the previous month. This decrease was mainly due to MNT 58.3 billion (5.4%) decrease in mining and quarrying gross output. In February 2021, the mining and quarrying gross output reached MNT 1.0 trillion, increased by MNT 371.0 billion (56.5%) from the same period of previous year. This increase was mainly due to increases in the mining of metal ores by 142.3 billion (54.2%), extraction of crude petroleum by MNT 62.8 billion (9.5 times) and the mining of metal ores by MNT 165.6 billion (44.8%) from same period of the previous year.
By the preliminary results of the first 2 months of 2021, the mining and quarrying sector, extraction of copper concentrate, brown coal, gold, fluorspar, hard coal and crude oil increased by 4.8 percent to 2.4 times compared to the same period of previous year. In the manufacturing sector, production of spirit, wheat flour, alcoholic beverage, milk, combed cashmere, meat, coal briquette, concentrated coal and face covering increased by 4.9 percent to 5.0 times compared to the same period of previous year.
However, in the mining and quarrying sector, extractions of iron ore decreased by 1.3%. In the manufacturing sector, productions of copper cathode, lime, water, soft drink, juice, sanitizer, cashmere products and metal steel decreased by 8.2-99.4% compared to the same period of previous year.
According to the preliminary results of the first 2 months of 2021, the sales of industrial output reached MNT 4.1 trillion, increased by MNT 1.9 billion (86.8%) compared to the same period of previous year. This increase was mainly resulted from MNT 1.8 billion (2.5 times) increase in sales of mining and quarrying output.
In the total sales of industrial output, MNT 2.9 trillion (70.6%) was export, of which MNT 2.6 trillion (92.1%) was export of mining and quarrying output. In the total of MNT 2.6 trillion export of mining and quarrying output, 57.6% was metal ores, 35.9% was coal and lignite, 5.2% was crude petroleum, 1.3% was other mining and quarrying output.
In February 2020, the seasonally adjusted industrial production index was 129.8 (2015=100), increased by 28.8 percent from the same period of previous year and by 1.5% from the end of previous year, while it was decreased by 4.8 percent from the previous month.
Source: National Statistics Office
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Published Date:2021-03-17
