November 24 (SeeNews) - Montenegro's industrial output rose by 2.6% year-on-year in October, reversing an annual decline by 7.0% in September, the country's statistical office said on Friday.
On a monthly comparison basis, Montenegro's industrial production grew 7.5% in October after shrinking 8% a month earlier, Monstat said in a monthly report.
Industrial output fell 6.8% on the year in the ten months through October.
Montenegro's industrial output, breakdown by sector (percentage change):
| |
Oct y/y |
Sept y/y |
Oct m/m |
Sept m/m |
| Total |
2.6 |
-7.0 |
7.5 |
-8.0 |
| - mining |
115.1 |
64.9 |
22.1 |
-7.7 |
| - manufacturing |
7.9 |
-2.4 |
-0.2 |
-4.5 |
| - utilities |
-26.3 |
-31.1 |
19.3 |
-15.9 |
Montenegro's industrial output decreased by 4.4% in 2016 following a 2.2% decline in the previous year.