Montenegro's industrial output shrinks14.7% y/y in Q1 on weak utility sector.

By bne IntelliNews April 19, 2012
The industrial sector in Montenegro contracted in March as the output dropped by 4.1% y/y, data from the statistics office showed. However, the annual production decline decelerated from 14.7% registered in Feb and 24.5% in Jan, indicating signs of recovery. The utilities sector was the main reason for the contraction. Its output plunged 25.2% y/y in March. The output decline in the sector is however expected to slow as the bad hydrological situation in the country is already over and production is to normalise. The manufacturing sector returned to growth, after falling by 4.4% y/y in Feb. The output of manufacturing companies rose by 11.6% on the year in March. In the first quarter of the year, total industrial output saw a 14.7% decline due to the very weak results in the first two months. The mining and manufacturing sectors ended the quarter above their year ago levels (up 0.7% y/y and 4.3% y/y, respectively), while the utilities sector contracted by 35.2% y/y.

Montenegro's industrial output shrinks14.7% y/y in Q1 on weak utility sector.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

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 reports increased budget revenue in Q1.

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 drops to 155.5% in Feb 2013.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss