Financial News: Moldova Industrial Output Falls 3.4%

Moldova Industrial Output Falls 3.4%

02/19/2025 - 03:30:00 (RTTNews)

(RTTNews) - Moldova's industrial production declined for the fifth successive month in December amid a sharp contraction in manufacturing output, figures from the National Bureau of Statistics of the Republic of Moldova showed on Wednesday.

Industrial output dropped an unadjusted 3.4 percent year-on-year in December, slower than the 4.0 percent decline in the previous month.

Manufacturing production alone plunged by 14.2 percent from last year, while the extractive industry logged a strong growth of 13.4 percent.

The slowdown in the decline in overall production was also attributed to a 27.2 percent jump in utility sector output.

On a series-adjusted basis, industrial production declined 2.9 percent in December.

During the year 2024, total industrial production fell 1.1 percent compared to 2023, led by a 4.5 percent decrease in production in the manufacturing industry.

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