Industrial production in Mongolia declined 21.1 percent year-on-year in December of 2019, following a downwardly revised 2.8 percent drop in November. It was the biggest decline since at least 2010, as mining & quarrying output dropped much further (-29.3 percent vs -5.4 percent in November) while production slowed for manufacturing (0.3 percent vs 2.0 percent) and electricity, thermal energy and water supply (8.2 percent vs 10.5 percent). On a monthly basis, industrial production slumped 15.1 percent, after increasing 1.4 percent in the prior month. Industrial Production in Mongolia averaged 10 percent from 1982 until 2019, reaching an all time high of 77.50 percent in July of 2010 and a record low of -27.70 percent in December of 1990.

Industrial Production in Mongolia is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Mongolia to stand at 4.10 in 12 months time. In the long-term, the Mongolia Industrial Production is projected to trend around 4.10 percent in 2020, according to our econometric models.

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Mongolia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-21.10 -2.80 77.50 -27.70 1982 - 2019 percent Monthly
2010=100; SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 08:00 AM Sep -4.8% 11.5% 6.3%
2019-11-15 11:00 AM Oct -8.2% -4.8% -9.6%
2019-12-12 08:00 AM Nov -2.9% -8.2% -3.5%
2020-01-17 09:00 AM Dec -21.1% -2.8% -5.0%
2020-02-17 09:00 AM Jan -21.1%


News Stream
2019-07-18
Mongolia Industrial Output Falls for First Time in 9 Months
Industrial production in Mongolia shrank 6.7 percent year-on-year in June of 2019, after a 7.1 percent rise in the previous month. It was the first contraction in industrial activity since August 2018, as output declined for manufacturing (-8.8 percent vs 3.5 percent in May) and mining & quarrying (-7.4 percent vs 7.9 percent) while electricity, thermal energy & water supply advanced at a softer pace (4.9 percent vs 8.8 percent). On a seasonally adjusted monthly basis, industrial output dropped 9.8 percent, after a 1.4 percent gain in the prior month.

2019-06-12
Mongolia Industrial Output Growth at 3-Month High
Industrial production in Mongolia increased 7.1 percent year-on-year in May of 2019, accelerating from a downwardly revised 5.3 percent rise in the previous month. It was the strongest gain in industrial activity since February, as output advanced faster for manufacturing (9.7 percent vs 6.4 percent); mining & quarrying (5.9 percent vs 4.8 percent) and for electricity, thermal energy & water supply (11.5 percent vs 6.4 percent). On a seasonally adjusted monthly basis, industrial output went up 2.5 percent, rebounding from a 8.4 percent drop in the prior month.

2019-05-15
Mongolia Industrial Output Rises 6.3% YoY in April
Industrial production in Mongolia increased 6.3 percent year-on-year in April of 2019, accelerating from an upwardly revised 6.0 percent rise in the previous month. Output advanced faster for mining & quarrying (5.8 percent vs 3.3 percent in March) and for electricity, thermal energy & water supply (6.1 percent vs 5.1 percent).In contrast, manufacturing production went up at a softer pace (8.4 percent vs 18.6 percent). On a seasonally adjusted monthly basis, industrial output fell 7.8 percent, after a 6.9 percent rise in the prior month.

2019-04-15
Mongolia Industrial Output Growth at 6-Month Low
Industrial production in Mongolia increased 5.3 percent year-on-year in March 2019, easing from a downwardly revised 7.6 percent rise in the previous month. It is the lowest expansion in industrial output since September 2018, as mining & quarrying output growth slowed (2.4 percent vs 13.4 percent in February), in particular mining of coal (9.8 percent vs 39.3 percent). On the other hand, production rebounded for manufacturing (19.4 percent vs -10.6 percent) and for electricity, thermal energy and water supply (3.1 percent vs -0.1 percent). On a monthly basis, industrial output rose 6.5 percent, rebounding from a downwardly revised 1.6 percent fall in February.

2019-03-12
Mongolia Industrial Output Rises 14.7% YoY in February
Industrial production in Mongolia increased 14.7 percent year-on-year in February of 2019, slowing from a 11.1 percent rise in the previous month. Output advanced faster for mining & quarrying (12.5 percent vs 8.7 percent in January) and manufacturing (30.1 percent vs 22.6 percent) but fell for electricity, thermal energy & water supply (-0.5 percent vs 8.1 percent). Also, extraction of crude petroleum declined more (-6.7 percent vs -5.9 percent). On a seasonally adjusted monthly basis, industrial output went up 4.8 percent, after a 2.1 percent drop in the prior month.

2019-02-15
Mongolia January Industrial Output Growth Eases to 11.1%
Industrial production in Mongolia increased 11.1 percent year-on-year in January 2019, slowing from a 21.5 percent rise in the previous month. Output sharply slowed for mining & quarrying (8.7 percent vs 24.1 percent), amid a decline in extraction of crude petroleum (-5.9 percent vs 71 percent) and for electricity, thermal energy & water supply (8.1 percent vs 10.7 percent). In contrast, production rose faster for manufacturing (22.6 percent vs 17.2 percent), mainly manufacture of wood and wooden products (147.2 percent vs 45.8 percent). On a monthly basis, industrial production went down 2.1 percent, after a 2.0 percent growth in the prior month.

Mongolia Business Last Previous Highest Lowest Unit
Industrial Production -21.10 -2.80 77.50 -27.70 percent [+]
Manufacturing Production 0.30 2.00 51.50 -26.20 percent [+]
Internet Speed 6625.86 6786.06 8570.84 239.06 KBps [+]
IP Addresses 31363.00 28598.00 54433.00 5239.00 IP [+]
Mining Production -29.30 -5.40 102.40 -30.60 percent [+]
Industrial Production Mom -15.10 1.40 22.60 -17.20 percent [+]
Ease of Doing Business 81.00 74.00 89.00 56.00 [+]
Electricity Production 464.90 437.90 606.70 140.52 Gigawatt-hour [+]
Changes In Inventories 573326.60 322868.60 1068720.90 -32428.00 MNT Million [+]
Competitiveness Index 52.61 52.74 52.94 3.43 Points [+]
Competitiveness Rank 102.00 99.00 117.00 89.00 [+]
Corruption Index 37.00 36.00 43.00 27.00 Points [+]
Corruption Rank 93.00 103.00 120.00 43.00 [+]