Current Account in Montenegro
Montenegro - Current Account (billions of Euros)Economic growth likely lost steam in the third quarter, after picking up in the second quarter. Industrial production fell again in September due to a sharp decline in manufacturing output, which has likely suffered from weaker foreign demand from the European auto industry. In better news, electricity and gas supply rebounded robustly; tourist arrivals continued growing at a strong rate in Q3, despite moderating somewhat from Q2; while steadily declining unemployment in H1 and favorable credit conditions should have supported private consumption in Q3. Meanwhile, the submarine power cable connecting Montenegro and Italy officially came on line on 15 November, which should bode well for energy generation and transit in Q4 and beyond.
Montenegro - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-0.4||-0.4||-0.4||-0.6||-0.7|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Current Account (EUR bn) Chart
Source: Central Bank of Montenegro
|Exchange Rate||1.11||0.65 %||Nov 21|
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