Industrial production in Moldova decreased 2.2 percent year-on-year in June of 2019, following an upwardly revised 5.7 percent fall in the previous month. It was the second straight monthly decline in industrial activity, as output continued to drop for manufacturing (-2.9 percent from -5.6 percent in May) and mining & quarrying (-19.8 percent from -17 percent). On the other hand, production rebounded for electricity, gas, steam & air conditioning supply (16.4 percent from -2.6 percent). On a monthly basis, industrial production rose 1.8 percent, rebounding from a 3.7 percent decrease in May. Industrial Production in Moldova averaged 1.35 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 1.70 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 1.70 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.