Montenegro's industrial output up 4% y/y in May 2012.

By bne IntelliNews June 18, 2012
The industrial sector in Montenegro expanded in May as the output increased by 4% on the year, data from the statistics office showed. The annual production growth decelerated from 20.8% registered increase in April, which was the first positive annual growth since August 2011. The utilities sector was the main contributor to the rise in the industrial production in May. Its output increased by 19.4% on the year, following the annual increase of 11.6% in April. The manufacturing sector stepped up by 3.6% y/y, continuing the positive trend that started in Mar. The only sector which contracted in May was the mining sector, posting an annual 70.8% drop. In Jan-May, total industrial output saw a 5.3% annual decline due to very weak results in the first two months for utilities and contracting mining sector in the last two months. The mining and utilities sectors were below their year ago levels (down 19.9% on the year and 23.8% year-on-year, respectively), while the manufacturing sector expanded by 9.8% year-on-year.

Montenegro's industrial output up 4% y/y in May 2012.

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