Industrial production in Mongolia jumped 17 percent year-on-year in October 2018, from a 0.7 percent gain in the previous month. It was the steepest increase in industrial production since September 2017, as output surged 21.7 percent for mining & quarrying (after showing no growth in September), mostly driven by coal & lignite (63 percent from -3.2 percent); and rebounded for manufacturing (2.3 percent from -1.4 percent), as production went up for coke (32.3 percent from -10.5 percent), textiles (11.3 percent from 4.4 percent) and non-metallic mineral products (64.4 percent from 9.1 percent). Contrarily, production of electricity, thermal energy & water supply slowed to 9.3 percent (from a 12.2 percent gain in the prior month). On a monthly basis, industrial output increased 10.8 percent, following a 13.7 percent rise in September. Industrial Production in Mongolia averaged 7.85 percent from 1982 until 2018, reaching an all time high of 33.40 percent in August of 2015 and a record low of -27.70 percent in December of 1990.
Industrial Production in Mongolia is expected to be 2.30 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 2.90 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.