Moldova's industrial production plunged 10.5 percent year-on-year in March 2020, following a 4.7 percent gain in the previous month. It was the biggest decline in industrial output since September 2012, amid the coronavirus pandemic. Production shrank in manufacturing (-8.7 percent compared to 11.1 percent in February) and mining and quarrying (-20.9 percent compared to 1.5 percent). In addition, electricity, gas, steam and air conditioning supply output contracted further (-16 percent compared to -13.7 percent).
Industrial Production in Moldova averaged 1.39 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 June of 2020.
Industrial Production in Moldova is expected to be -31.00 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 5.50 in 12 months time. In the long-term, the Moldova Industrial Production is projected to trend around 7.20 percent in 2021 and 3.50 percent in 2022, according to our econometric models.