Industrial production in Moldova fell 2.4 percent from a year earlier in July of 2020, following a downwardly revised 6.6 percent decline in the previous month. It marks the 5th straight month of falling industrial activity but at the softest pace since March, as manufacturing activity shrank less (-3.7 percent vs -8.3 percent in June). Meanwhile, mining (15.7 percent vs 14.6 percent) and utilities production (5.9 percent vs 6.4 percent) continued to rise solidly. In the first seven months of the year, industrial activity declined 6.3 percent over a year ago.
Industrial Production in Moldova averaged 1.13 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 September of 2020.
Industrial Production in Moldova is expected to be -4.00 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 5.00 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.