Trade Balance in Montenegro
Montenegro - Trade Balance (Euros)Following the pick-up in economic activity in the second quarter, growth should have remained relatively stable in the third quarter. Steadily declining unemployment in H1, strong credit growth and deflationary pressures should have supported private consumption, as evidenced by an acceleration in retail sales growth in July–August. Moreover, merchandise exports rebounded strongly in Q3, while import growth softened, boding well for the external sector. On the downside, industrial production contracted in August and September, after two brief months of growth, as poor weather conditions continued to hamper hydropower generation. Meanwhile, while tourist arrivals picked up in August, inflows were weaker than those seen throughout the second quarter.
Montenegro - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||-1.3||-1.4||-1.5||-1.7||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Trade Balance (EUR) Chart
Source: Central Bank of Montenegro
|Exchange Rate||1.10||0.65 %||Sep 04|
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