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Moldova's industrial PPI down 3.8% y/y in March

Apr 19, 2024, 11:33:15 AMArticle by Alexandru Cristea
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April 19 (SeeNews) - Moldova's industrial producer prices decreased by 3.8% year-on-year in March, easing further from an annual drop of 2.8% in February, the country's statistical office said on Friday.

Moldova's industrial PPI down 3.8% y/y in March
Moldova's industrial PPI. Source: BNS

On a monthly comparison basis, the industrial producer price index (PPI) inched down by 0.7% in March, the National Bureau of Statistics, BNS, said in a press release. In February, industrial producer prices inched down by 0.1% month-on-month.

In March, the prices of intermediary, capital, and non-durable goods ticked up by 0.7%, 0.2%, and 0.1% on the month, respectively. On the other hand, energy prices dropped by 12.2%. The prices of durable goods remained unchanged.

Moldova’s March industrial producer prices, percentage change:

March '24, y/y March '24, m/m
Total -3.8 -0.7
-mining +6.2 +2.4
-manufacturing -2.0 +0.2
-electricity and thermal energy -24.2 -12.2

Source: BNS

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