January 30 (SeeNews) - Montenegro's industrial output declined 3.3% year-on-year in 2022, the statistical office said on Monday.
In the fourth quarter alone, Montenegro's industrial output fell by 1.9% on the year, the statistical office said in a statement.
On a quarterly comparison basis, industrial production grew 22.9% in the fourth quarter.
The output of the mining and manufacturing sectors went up by 8.9% and 0.3% on the year in 2022, respectively, whereas the production of the utility sector fell by 10.8%.
Montenegro's industrial output grew by 4.9% in 2021.