Moldova's industrial production growth slowed to 8.5 percent year-on-year in October 2019 from a downwardly revised 9.2 percent jump in the previous month. Output rose slightly less for manufacturing (10.6 percent vs 10.7 percent in September) while there were contractions in mining & quarrying (-12 percent vs -14.5 percent) and electricity, gas, steam and air conditioning supply (-5.2 percent vs -1.6 percent). On a monthly basis, industrial activity grew 11 percent, following a 15.8 percent surge in the prior month. Industrial Production in Moldova averaged 1.45 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 8.00 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 2.00 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.