Ford drives hike in car production in Romania
1 day ago
Montenegro's industrial production swung to a 17.4% y/y fall in March from 9.1% y/y growth in February, as the performance of the manufacturing and utilities sectors worsened, the statistics office reported on April 25.
In 2017, the industrial sector is expected to attract foreign direct investment and boost economic growth along with tourism. Last year, it mostly declined mainly due to the worsening performance of the mining sector.
In March, output in the mining and quarrying sector jumped by more than 300% y/y – the same as in February, thanks to significantly higher mining of coal and lignite.
On the other hand, the manufacturing sector's output shrank 33.1% y/y, worsening from a 17.2% y/y fall in February, mainly due to the significantly worse performance of pharmaceuticals (down 90.2% y/y). Production in the utilities sector fell 15.3% y/y, swinging from a 13.6% y/y rise a month earlier.
Across the main industrial groups, growth was recorded for consumer durables (up 78.1% y/y), and intermediate goods (up 31.7% y/y). Consumer non-durables contracted by 66.8% y/y, followed by capital goods (down 34.8% y/y) and energy (down 11.5% y/y).
On a monthly basis, industrial output rose 4.1% in March.
In 2016, industrial output was down by 4.4% y/y.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
COMMENT: Armenia's decisive turn towards the West
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Remittances come to the rescue of Lebanon’s battered economy
19 hours ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
2 days ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago