MONET 7 is, as previous issues, divided into two sections. The first one provides key statistical figures and comments on these figures, the second one consists in analyses. In this issue we will focus our comments on tourism, employment and the standard of living, the regulation in the banking system, cash savings, enterprise development and mass voucher privatisation.
Industrial output does not show signs of recovery. For the first nine months, industrial output decreased compared to the same period last year.
This issue of MONET is divided into two sections. The first one provides key statistical figures and comments on these figures, the second one consists in analyses.
In Chapter 1 industrial output does not show signs of recovery. For the first five months industrial output is on the same trend as in the same period last year, therefore low.
In Chapter 1, MONET makes a short analysis on year 2000 performance in industry and in services. Industry has rather poorly performed in 2000 and owes its small positive growth to the aluminium sector. In the service sector, many sectors show a better performance than in industries.
Industrial output in 2000 will be little higher than its level in 1999, reaching + 5.9% at for the first eleven months of 2000 (see Chapter 1). The key factor that impeded a better performance is a record low performance in electricity production, the biggest industrial sector in Montenegro. Aluminium output performed in contrast rather well in 2000.
Industrial output in some sectors might not have reached its bottom level as many companies are still maintained alive whereas usual economic indicators would signal bankrupcy.