The industrial sector in Montenegro fell by 1.8% y/y in July, shrinking by 19.5% y/y in June, statistics office data showed. The lower output in July was a result of 14.2% y/y decrease in the manufacturing output and a 11.6% y/y decline in mining production. The only sector, which expanded in July was the utilities sector, posting an annual 31.7% increase. In Jan-Jul, total industrial output saw a 6.7% annual decline due to very weak results in the first three months for utilities and contracting mining sector in the last five months. The mining and utilities sectors dropped by 23.3% y/y and 17.4% y/y, respectively, while the manufacturing sector expanded by 1.3% y/y. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more