December 27 (SeeNews) - Montenegro's industrial output decreased by 8.9% year-on-year in November following a 13.3% drop in October, data from the country's statistical office showed.
On a monthly basis, Montenegro's industrial production grew 9.6% in November after shrinking 2.4% a month earlier, data indicated on Monday.
Industrial output decreased by 5.6% on the year in the first eleven months of 2016.
Montenegro's industrial output, breakdown by sector (percentage change):
|
Nov y/y |
Oct y/y |
Nov m/m |
Oct m/m |
Total |
-8.9 |
-13.3 |
9.6 |
-2.4 |
mining |
1.3 |
7.6 |
2.5 |
-5.5 |
manufacturing |
-28.9 |
-26.4 |
0.1 |
-9.8 |
utilities |
34.0 |
13.3 |
24.5 |
11.5 |
In 2015, Montenegro's industrial output rose by 7.9%, following a drop of 11.4% a year earlier.