Moldova Industrial Output Falls in January
Image by Pixabay
Moldova's industrial production dropped by 3% year-on-year in January, following a 1.1% rise in the previous month, data from the National Bureau of Statistics (NBS) showed as cited by economic portal Trading Economics.
Output plunged for mining & quarrying (-27%) and manufacturing (-8.6%). In contrast, industrial production increased for electricity, gas, steam & air-conditioning (10.7%).
On a monthly comparison basis, industrial activity plummeted by 24.4% in January, offsetting an 8% growth in December.
According to a separate report from the Chişinău-based statistics agency, producer prices in Moldova fell by an annual 2.8% in February, slipping further from 0.7% drop in the previous month. It was the second consecutive period of producer deflation, as prices decreased for manufacturing (-2.4%) and electricity, gas, steam, & air conditioning supply (-9.2%).
At the same time, production cost for mining & quarrying went up by 4.5%. On a monthly basis, producer prices fell by 0.1% in February, easing from a 0.8% drop in the prior month.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
