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Montenegro Country Report - July 2013

August 12, 2013
Unemployment rate declined to 13% as of August 5 on the back of seasonal tourism activity. CPI slowed in in June from 3.0% the month before due to lower food and housing price growth. Industrial production climbed 19.0% year on year in June, supported by rising mining and quarrying and utilities output while manufacturing production remained in the red. Tourism revenue went up 2.8% in January-June 2013, equal to some 4% of the full-year GDP forecast, on the back of rising tourist arrivals and overnight stays. Public debt accounted for 50.1% of the full-year GDP projection at end-June.
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