Industrial Production in Mongolia decreased 21.70 percent in April of 2020 over the same month in the previous year.

Industrial Production in Mongolia averaged 8.84 percent from 1982 until 2020, 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. This page provides - Mongolia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.

Industrial Production in Mongolia is expected to be 3.50 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 2021, according to our econometric models.

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Mongolia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-21.70 -24.80 77.50 -27.70 1982 - 2020 percent Monthly
2010=100; SA

Calendar GMT Actual Previous Consensus TEForecast
2020-02-17 09:00 AM Jan -17.5% -21.1%
2020-03-16 09:00 AM Feb -9.7% -17.5% -9.8%
2020-04-16 10:15 AM Mar -25.6% -10.1% -5.0%
2020-05-18 10:00 AM Apr -21.7% -24.8% -20%
2020-06-15 09:00 AM May -21.7% -17%
2020-07-15 09:00 AM Jun 3.5%
2020-08-17 09:00 AM Jul
2020-09-15 09:00 AM Aug

News Stream
Mongolia Industrial Output Shrinks at Record Pace
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.
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.
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.