Industrial Production in Montenegro decreased 2.8 percent from a year earlier in the third quarter of 2020. source: Statistical Office of Montenegro

Industrial Production in Montenegro averaged 0.47 percent from 2009 until 2020, reaching an all time high of 91 percent in March of 2010 and a record low of -51.40 percent in August of 2009. This page provides the latest reported value for - Montenegro Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Industrial Production in Montenegro is expected to be -11.00 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 6.80 in 12 months time. In the long-term, the Montenegro Industrial Production is projected to trend around 6.50 percent in 2021 and 2.50 percent in 2022, according to our econometric models.

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Montenegro Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -12.40 91.00 -51.40 2009 - 2020 percent Monthly
2015=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-11-26 10:00 AM Oct -6.3% -1.8% -2.1%
2019-12-26 10:00 AM Nov -9% -6.3%
2020-01-29 10:00 AM Dec 10% -9% -7%
2020-07-29 09:00 AM Jun -12.4% 12.9% -45%
2021-01-29 10:00 AM Dec
2021-07-29 09:00 AM Jun

News Stream
Montenegro Industrial Output Rises the Most in 1 Year
Industrial production in Montenegro increased 10 percent year-on-year in December of 2019, recovering from a 9.0 percent fall in the previous month. It was the first gain in industrial activity since July and the strongest increase since December of 2018, as mining & quarrying production advanced faster (55.6 percent vs 16.5 percent in November) while manufacturing output dropped at a much softer pace (-15.6 percent vs -36.1 percent). On the other hand, for electricity, gas, steam & air conditioning supply production rose less (37.3 percent vs 39.5 percent). On a monthly basis, industrial production surged 19.9 percent, following a 10.9 percent advance in November.
Montenegro Industrial Output Falls for 4th Month
Industrial production in Montenegro dropped 9.0 percent from a year earlier in November 2019, following a 6.3 percent fall in the previous month. It was the fourth straight monthly decline in industrial activity, as manufacturing output declined further (-36.1 percent vs -10.1 percent in October). Meantime, mining & quarrying production slowed (16.5 percent vs 28.9 percent) while electricity, gas, steam & air conditioning supply rebounded (39.5 percent vs -10.6 percent). On a monthly basis, industrial production rose 10.9 percent, up from a 5.2 percent slump in October.

Montenegro Industrial Production
In Montenegro, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.