Moldova Industrial Output Falls in March
Industrial production in Moldova fell by 4.7% year-on-year in March, following a downwardly revised 3.2% drop in February, Trading Economics reported citing data released by the Chişinău-based National Bureau of Statistics (NBS).
It was the seventh consecutive month of declining industrial activity, though at a moderate pace.
The main pressure came from a plunge in electricity, gas, steam & air conditioning supply (-15.5% vs 5% in February).
On the other hand, output decreased slower for manufacturing (-1.1% vs -6.1%) and rebounded sharply for mining & quarrying (6% vs -19.4%).
Monthly, industrial production soared by 14.7%, reversing a downwardly revised 5.2% fall in the previous period.
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