Montenegro - Producción industrial

Industrial production in Montenegro slumped 6.3 percent year-on-year in October 2019, following a 1.8 percent fall in the previous month. It was the sharpest drop in industrial activity since April, as output continued to decrease for manufacturing (-10.1 percent vs -17.6 percent in September). In addition, production fell for electricity, gas, steam & air conditioning supply (-10.6 percent vs 24.2 percent) and slowed for mining & quarrying (28.9 percent vs 31.1 percent). On a monthly basis, industrial production declined 5.2 percent, down from a 9.9 percent jump in September.

Industrial production in Montenegro fell 1.8 percent year-on-year in September 2019, less than a 2.8 percent drop in the previous month, as output continued to decrease for manufacturing (-17.6 percent vs -4.9 percent in August). On the other hand, production rebounded for electricity, gas, steam & air conditioning supply (24.2 percent vs -4.1 percent) and advanced faster for mining & quarrying (31.1 percent vs 15.4 percent). On a monthly basis, industrial production jumped 9.9 percent, after a 6.6 percent slump in August.

Industrial production in Montenegro shrank 2.8 percent from a year earlier in August 2019, following a 5.0 percent rise in the prior month, amid declines in manufacturing (-4.9 percent vs 3.3 percent in July) and electricity, gas, steam & air conditioning supply (-4.1 percent vs 5.2 percent). In contrast, the mining sector continued grow sharply (15.4 percent vs 14.3 percent), driven by mining of metal ores (52.5 percent vs 43.1 percent). On a monthly basis, industrial production slumped 6.6 percent, the most in four months, after rising 0.6 percent in the preceding month. Year-to-date, industrial activity fell 8.9 percent compared to the same period a year ago.

Industrial production in Montenegro increased 5.0 percent from a year earlier in July 2019, easing slightly from a 5.6 percent surge in June, as output rose much less for electricity, gas, steam & air conditioning supply (5.2 percent vs 19.4 percent in June). On the other hand, production continued to advance solidly for mining & quarrying (14.3 percent vs 7.5 percent) and it rebounded for manufacturing (3.3 percent vs -2.6 percent). On a monthly basis, industrial activity went up 0.6 percent, following a 25.8 percent jump in the preceding month. Year-to-date, industrial production shrank 9.8 percent compared to the same period a year ago.

Industrial production in Montenegro increased 5.6 percent year-on-year in June of 2019, recovering from a 4.8 percent fall in the previous month. It was the first gain in industrial activity since December of 2018, as output rebounded for electricity, gas, steam & air conditioning supply (19.4 percent from -0.6 percent in May). In addition, production continued to rise for mining & quarrying (7.5 percent from 30.7 percent) while manufacturing output dropped at a softer pace (-2.6 percent from -11.4 percent). On a monthly basis, industrial production surged 25.8 percent, following a 9.1 percent advance in May.

Montenegro's industrial production slumped 4.8 percent from a year earlier in May 2019, easing from a 27.6 percent contraction in the previous month, as electricity, gas, steam and air conditioning supply fell at a slower pace (-0.6 percent vs -64.8 percent in April) and mining output growth accelerated (30.7 percent vs 19.7 percent). Meanwhile, manufacturing continued to drop sharply (-11.4 percent vs -3.9 percent).