Industrial production in Moldova jumped 12.3 percent year-on-year in April 2019, after rising 0.9 percent in the previous month. It was the strongest gain in industrial activity since April last year. Output grew faster for manufacturing (12.2 percent vs 4.1 percent in March), in particular the production of computer, electronic and optical products (227.8 percent vs -40.6 percent) and pharmaceuticals (69.9 percent vs -15.6 percent); and it rebounded sharply for utilities (9.6 percent vs -17.3 percent). Meanwhile, production slowed for mining & quarrying (29 percent vs 164.7 percent). Considering the January to April period of 2019, industrial production grew 4.1 percent over a year ago. Industrial Production in Moldova averaged 1.41 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 1.50 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.