October 22 (SeeNews) - Moldova's industrial output rose by a real 0.6% year-on-year in the first nine months of the year although the production of the key wine sector continued to fall, official figures showed on Monday.
The country's industrial production dropped by 0.7% year-on-year from January to September 2006.
Calculated in current prices, Moldova's industrial output through September was 18.6 billion lei ($1.6 billion/1.1 billion euro), the country's statistics bureau said in a statement.
Wine production fell by 38.9% through September 2007 as the sector failed to recover from an eight-month Russian ban on Moldovan wine imports last year. Russia used to be the biggest market for Moldovan wine exports before the ban which it introduced in March last year.
| Moldova industrial output, y/y pct change |
Jan-Sept’07 |
Jan-Sept’06 |
| TOTAL |
+0.6 |
-0.7 |
| -processing |
+0.8 |
-9.0 |
| -mining |
+4.8 |
+22.3 |
| -utilities |
-2.7 |
+9.9 |
Ex-Soviet Moldova has forecast 7.0% industrial output growth for 2007. Its industrial output fell 6.9% last year.
(1 euro = 16.4743 Moldovan lei)