August 25 (SeeNews) - Montenegro's industrial output contracted by an annual 15.5% in July following an increase of 6.1% in June, data from the country's statistics office showed on Thursday.
On a monthly basis, Montenegro's production rose 5.4% in July after increasing 6.1% a month earlier, the data indicated.
Throughout the first seven months of the year, industrial output decreased by 7%.
Montenegro's industrial output, breakdown by sector (percentage change):
|
July'16 y/y |
June'16 y/y |
July'16 m/m |
June'16 m/m |
Total |
-15.5 |
6.1 |
5.4 |
6.1 |
mining |
-17.6 |
-41.2 |
64.1 |
31.3 |
manufacturing |
-13.8 |
7.2 |
-6.6 |
26.6 |
utilities |
-18.1 |
13.5 |
33.8 |
-27.8 |
In 2015, Montenegro's industrial output increased 7.9% following a drop of 11.4% a year earlier.