September 15 (SeeNews) - Moldova's economy contracted by an annual 0.6% in real adjusted terms in the second quarter of 2022 due to poor performance of the construction, manufacturing and real estate sectors, the statistical office said on Thursday.
In unadjusted terms, Moldova's economic output fell by an annual 0.9% in the second quarter, the statistical office said in a statement.
Moldova's gross domestic product (GDP) totalled 64.3 billion lei ($3.3 billion/3.3 billion euro) at current prices in the second quarter.
Compared to the previous quarter, Moldova's GDP fell by a seasonally-adjusted 1.3% in the April-June period.
The gross value added in the economy edged down 0.4% on the year in the second quarter. Construction, manufacturing, real estate and energy production and supply and agriculture had a negative impact on GDP growth during the second quarter.
Final household consumption edged down by an annual 0.5% in the second quarter, while gross fixed-capital formation decreased 11.3% on the year.
Exports rose by an annual 45.4%, while imports increased by 15.8% in the second quarter.
In the first half of 2021, Moldova's GDP totalled 120.6 billion lei, the same as in the same period of 2021.
In 2021, Moldova's economy grew by 13.9% in real terms, following a 8.3% contraction in the previous year.
In August, Moldova's government revised its 2022 economic forecast to zero from 0.3% to reflect the economic spill-over effects of the war on Ukraine and the strong rise in energy prices.
(1 euro =19.3 Moldovan lei)