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). Industrial Production in Montenegro averaged 0.52 percent from 2009 until 2019, reaching an all time high of 91 percent in March of 2010 and a record low of -51.40 percent in August of 2009.
Industrial Production in Montenegro is expected to be -15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Montenegro to stand at 2.00 in 12 months time. In the long-term, the Montenegro Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.