December 24 (SeeNews) - Moldova's industrial output fell by a real 1.9% year-on-year in January to November, official figures showed on Monday.
Industrial production dropped by 7.1% in January to November 2006 as compared to the same period a year earlier.
Calculated in current prices, Moldova's industrial output through November was 23.7 billion lei ($2.1 billion/1.5 billion euro), the country's statistics bureau said in a statement.
Wine production fell by 31.7% 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-Nov'07 |
Jan-Nov'06 |
| TOTAL |
-1.9 |
-7.1 |
| -processing |
-2.3 |
-8.9 |
| -mining |
+2.1 |
+19.8 |
| -utilities |
+0.6 |
+7.8 |
Ex-Soviet Moldova has forecast 7.0% industrial output growth for 2007. Its output fell 6.9% last year.
(1 euro=16.2499 Moldovan lei)