Industrial production in Moldova fell by 4.9 percent year-on-year in October of 2018, following a downwardly revised 3.1 percent drop in the previous month. It was the second consecutive contraction in industrial activity and the steepest since April of 2017. Output fell further for manufacturing (-5 percent from -3.5 percent in September), namely food products (-24.2 percent from -23.2 percent); wearing apparel (-6 percent from -5.3 percent) and pharmaceutical products (-19.4 percent from -10.7 percent). Additionally, production of electricity, gas, steam & air conditioning supply declined 10.2 percent, compared to a 7.1 percent fall in September while mining & quarrying production increased slightly (24.9 percent from 22.9 percent). On a monthly basis, industrial output rose 12.7 percent, up from an upwardly revised 6.2 percent gain in September. Industrial Production in Moldova averaged 1.36 percent from 2004 until 2018, reaching an all time high of 23.50 percent in April of 2013 and a record low of -30.10 percent in April of 2009.
Industrial Production in Moldova is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Moldova to stand at 1.70 in 12 months time. In the long-term, the Moldova Industrial Production is projected to trend around 1.80 percent in 2020, according to our econometric models.