Moldova's industrial production increased 0.5 percent from a year earlier in August 2019, following an upwardly revised 5.9 percent surge in the previous month, as output grew much less for manufacturing (1.7 percent vs 6.6 percent in July) and electricity, gas, steam and air conditioning supply (1.4 percent vs 4.0 percent). In addition, the mining sector shrank the most in over a year (-32.1 percent vs -9.7 percent). On a monthly basis, industrial production increased 2.5 percent, after showing no growth in the previous month. Considering the January to August period, industrial output advanced 1.8 percent compared to the same period a year ago. Industrial Production in Moldova averaged 1.37 percent from 2004 until 2019, 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 1.50 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 1.60 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.