Industrial Production in Montenegro decreased 12.40 percent in the second quarter of 2020 over the same period in the previous year.
Industrial Production in Montenegro averaged 0.50 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 August of 2020.
Industrial Production in Montenegro is expected to be -30.00 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.