Industrial production in Moldova decreased 3.2 percent year-on-year in September of 2018, after a downwardly revised 6.4 percent rise in the previous month. It was the first contraction in industrial activity since December 2017, as output fell for manufacturing (-3.6 percent from 4.5 percent) and electricity, gas, steam & air conditioning supply (-7.1 percent from 23.3 percent). Meanwhile, production rose faster for mining & quarrying (22.9 percent from 15.3 percent). On a monthly basis, industrial output went up 6.1 percent, following a 5.5 percent gain in August. Industrial Production in Moldova averaged 1.40 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.