Industrial production in Moldova slipped 7.7 percent in August of 2020, following an upwardly revised 3.1 percent decline in the previous month. It marks the 6th straight month of falling industrial activity and faster than in July, due to a steeper decrease in manufacturing (-9.8 percent vs -4.4 percent in July). Meantime, output growth slowed for utilities (1.6 percent vs 5.9 percent) while production picked up for mining & quarrying (41.2 percent vs 15.7 percent). On a monthly basis, industrial activity shrank 3.9 percent, after a downwardly revised 4.8 percent rise in the previous month. Year-to-date, industrial production slumped 6.5 percent over a year ago.
Industrial Production in Moldova averaged 1.09 percent from 2004 until 2020, 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. This page provides - Moldova Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Moldova Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Moldova is expected to be -2.00 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 3.00 in 12 months time. In the long-term, the Moldova Industrial Production is projected to trend around 2.00 percent in 2021 and 1.40 percent in 2022, according to our econometric models.