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Friday, October 11, 2024
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The growth of industrial production on an annual basis

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Industrial production in Montenegro in the fourth quarter of last year increased by 7.4 percent compared to the same period in 2022, according to data from Monstat.

“In comparison to the fourth quarter of 2022, mining and quarrying, manufacturing, and the supply of electricity, gas, steam, and air conditioning sectors recorded growth of eight percent, four percent, and 11.5 percent,” the statement said.

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Industrial production in Montenegro in the fourth quarter of last year, compared to the third quarter, saw a growth of 21 percent.

“In comparison to the third quarter of last year, the mining and quarrying sector recorded a decline of 6.9 percent, while manufacturing and the supply of electricity, gas, steam, and air conditioning recorded growth of ten percent and 48.1 percent, respectively,” the statement said.

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