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. Industrial Production in Montenegro averaged 0.43 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 -7.00 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 2.50 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.


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Montenegro Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -6.30 91.00 -51.40 2009 - 2019 percent Monthly
2015=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 09:00 AM Aug -2.8% 5.0% 5.5%
2019-10-25 09:20 AM Sep -1.8% -2.8% 0.5%
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 -9% -7%


News Stream
2019-11-26
Montenegro Industrial Output Falls the Most in 6 Months
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.

2019-10-25
Montenegro Industrial Output Falls for 2nd Month
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.

2019-09-25
Montenegro Industrial Output Falls 2.8% YoY 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.

2019-08-27
Montenegro Industrial Output Growth Eases to 5% in July
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.

2019-07-25
Montenegro Industrial Output Rebounds in June
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.

2019-06-25
Montenegro Industrial Output Contraction Eases 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).


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.

Montenegro Business Last Previous Highest Lowest Unit
Industrial Production -9.00 -6.30 91.00 -51.40 percent [+]
Industrial Production Mom 10.90 -5.20 34.10 -36.60 percent [+]
Manufacturing Production -36.10 -10.10 50.20 -40.50 percent [+]
Changes in Inventories 12495.00 20015.00 78057.00 -131872.00 EUR Thousand [+]
Internet Speed 6689.26 6279.44 6689.26 1489.80 KBps [+]
IP Addresses 73349.00 66352.00 82456.00 8417.00 IP [+]
Mining Production 16.50 28.90 200.00 -70.80 percent [+]
Competitiveness Index 60.82 59.62 60.82 3.90 Points [+]
Competitiveness Rank 73.00 71.00 82.00 49.00 [+]
Ease of Doing Business 50.00 50.00 77.00 42.00 [+]
Corruption Index 45.00 46.00 46.00 23.00 Points [+]
Corruption Rank 67.00 64.00 106.00 61.00 [+]