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. Industrial Production in Mongolia averaged 8.36 percent from 1982 until 2019, reaching an all time high of 36.60 percent in May of 2014 and a record low of -27.70 percent in December of 1990.
Industrial Production in Mongolia is expected to be 8.32 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 3.50 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.