Construction output in Montenegro increased 4.6 percent in the first quarter of 2020 over the same period in the previous year.
Construction Output in Montenegro averaged 15.79 percent from 2011 until 2020, reaching an all time high of 69.70 percent in the fourth quarter of 2017 and a record low of -28.30 percent in the fourth quarter of 2012. This page provides - Montenegro Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Construction Output - values, historical data and charts - was last updated on October of 2020.
Construction Output in Montenegro is expected to be 39.11 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Montenegro to stand at 41.34 in 12 months time. In the long-term, the Montenegro Construction Output is projected to trend around 41.72 percent in 2021 and 39.82 percent in 2022, according to our econometric models.