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.

Montenegro Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-26 09:40 AM Industrial Production YoY Feb -12.8% -8.9% -2%
2019-04-25 09:40 AM Industrial Production YoY Mar -20.1% -12.8% -10.5%
2019-05-28 09:00 AM Industrial Production YoY Apr -27.6% -20.1% -17.5%
2019-06-25 09:40 AM Industrial Production YoY May -4.8% -27.6% -10%
2019-07-25 09:00 AM Industrial Production YoY Jun -4.8% -15%
2019-08-27 09:00 AM Industrial Production YoY Jul
2019-09-25 09:00 AM Industrial Production YoY Aug


Montenegro Business Last Previous Highest Lowest Unit
Industrial Production -4.80 -27.60 91.00 -51.40 percent [+]
Industrial Production Mom 9.10 -24.10 34.10 -36.60 percent [+]
Manufacturing Production -11.40 -3.90 50.20 -40.50 percent [+]
Changes in Inventories 20015.00 78057.00 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 30.70 19.70 200.00 -70.80 percent [+]
Competitiveness Index 59.62 58.21 59.62 3.90 Points [+]
Competitiveness Rank 71.00 73.00 82.00 49.00 [+]
Ease of Doing Business 50.00 42.00 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 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -27.60 91.00 -51.40 2009 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina -6.90 May/19
Australia 1.20 Mar/19
Brazil 7.10 May/19
Canada 2.14 Apr/19
China 6.30 Jun/19
Euro Area -0.50 May/19
France 4.00 May/19
Germany -3.70 May/19
India 3.10 May/19
Indonesia 7.90 Mar/19
Italy -0.70 May/19
Japan -2.10 May/19
Mexico -3.35 May/19
Netherlands -0.90 May/19
Russia 3.30 Jun/19
Saudi Arabia 2.34 Sep/18
Singapore -2.40 May/19
South Africa 1.00 May/19
South Korea -0.20 May/19
Spain 1.40 May/19
Switzerland 4.30 Mar/19
Turkey -1.30 May/19
United Kingdom 0.90 May/19
United States 1.30 Jun/19


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