Industrial production in Montenegro in the last quarter of 2022. fell by 1.9 percent

Published on 2. February 2023., News

Industrial production in Montenegro in the fourth quarter of last year fell by 1.9 percent compared to the same period in 2021, Monstat data show.

“Compared to the fourth quarter of 2021, the mining and quarrying and supply of electricity, gas, steam and air conditioning sectors recorded growth of 3.4 percent and 8.8 percent, respectively, while the manufacturing industry recorded a decline of 9.9 percent.

Industrial production in Montenegro in the fourth quarter of last year recorded a growth of 22.9 percent compared to the third.

“Compared to the third quarter, growth was recorded in the mining and quarrying, processing industry and supply of electricity, gas, steam and air conditioning sectors, 1.2 percent, 6.5 percent, and 61.9 percent respectively,” it is stated in announcement.