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. This page provides - Mongolia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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.