Moldova Industrial Output Falls in January

Manufacturing

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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.

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