Moldova Industrial Output Shrinks in July
Image by Pixabay
Industrial production in Moldova shrank by 4% year-on-year in July, easing from a 10.5% drop in June, Tradingeconomics.com reported citing data from the National Bureau of Statistics (BNS).
It was the eleventh consecutive month of contraction.
Output continued to fall for mining & quarrying (-11.5% vs -7.2% in June) and manufacturing (-7% vs -13.3%).
On the other hand, production accelerated for electricity, gas, steam, & air conditioning supply (32.4% vs 21.1%).
Monthly, industrial output fell by 0.7%, reversing a 0.7% increase in June.
ADVERTISEMENT
Volume Increase Lifts Farm Sector Output in 2023
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Dr. Rose Ends Year With Renewal and Expansion
Heineken Balaton Sound Announces 1st Phase Lineup
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.
