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Moldova's industrial output grows 1.1% y/y in Q1

May 20, 2024, 3:49:09 PMArticle by Alexandru Cristea
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May 20 (SeeNews) - Moldova's industrial production increased by 1.1% year-on-year in the first three months of 2024, the National Bureau of Statistics, BNS, said on Monday, quoting seasonally adjusted data.

Moldova's industrial output grows 1.1% y/y in Q1
Industry, industrial sales, industrial output

According to unadjusted data, Moldova's industrial output grew by 2.2% on the year in the first quarter, the statistical office said in a monthly update.

In March alone, industrial output edged down by an unadjusted 0.6% year-on-year and by an adjusted 1%. BNS provided no month-on-month comparison.

Industrial production, breakdown by sector (y/y pct change, adjusted):

March y/y Jan-March y/y
Industry (total) -1.0 +1.1
Mining -8.4 -3.5
Manufacturing -8.7 -2.1
Utilities +21.2 +10.1

Source: BNS

Moldova's industrial production fell by 4.2% in 2023.

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