Industrial production in Montenegro declined 20.1 percent year-on-year in March 2019, following a 12.8 percent fall in the previous month. It was the biggest decrease in industrial output since June 2014, as manufacturing production dropped (-4.1 percent compared to 5.6 percent in February) and electricity, gas, steam & air conditioning supply output fell further (-38.3 percent compared to -27.9 percent). On the other hand, mining & quarrying output went up at a faster pace (30.8 percent compared to 10.9 percent). On a monthly basis, industrial production rose 2.1 percent, easing from an 8.9 percent gain in the prior month. Industrial Production in Montenegro averaged 0.79 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 5.00 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 4.50 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.

Montenegro Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 10:00 AM Industrial Production YoY 19.1% 18.2% 28.5%
2019-02-28 11:30 AM Industrial Production YoY -8.9% 19.1% 6.5%
2019-03-26 09:40 AM Industrial Production YoY -12.8% -8.9% -2%
2019-04-25 09:40 AM Industrial Production YoY -20.1% -12.8% -10.5%
2019-05-28 09:00 AM Industrial Production YoY -20.1% -17.5%
2019-06-25 09:00 AM Industrial Production YoY
2019-07-25 09:00 AM Industrial Production YoY 5%


Montenegro Business Last Previous Highest Lowest Unit
Industrial Production -20.10 -12.80 91.00 -51.40 percent [+]
Industrial Production Mom 2.10 8.90 34.10 -36.60 percent [+]
Manufacturing Production -4.10 5.60 50.20 -40.50 percent [+]
Changes in Inventories 9236.00 -6149.00 74998.00 -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 30.80 10.90 200.00 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-20.10 -12.80 91.00 -51.40 2009 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina -13.40 Mar/19
Australia 2.80 Dec/18
Brazil -6.10 Mar/19
Canada -0.68 Feb/19
China 5.40 Apr/19
Euro Area -0.60 Mar/19
France -0.90 Mar/19
Germany -0.90 Mar/19
India -0.10 Mar/19
Indonesia -4.00 Feb/19
Italy -1.40 Mar/19
Japan -4.30 Mar/19
Mexico -0.15 Mar/19
Netherlands -1.70 Mar/19
Russia 4.60 Apr/19
Saudi Arabia 2.34 Sep/18
Singapore 0.10 Apr/19
South Africa 1.20 Mar/19
South Korea -2.80 Mar/19
Spain -3.10 Mar/19
Switzerland 4.30 Mar/19
Turkey -2.20 Mar/19
United Kingdom 1.30 Mar/19
United States 0.90 Apr/19


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