Macroeconomic Forecast Moldova

Industrial production resumed its robust pace of expansion in June, climbing by 11.6% on an annualised basis, an improvement on the 4.8% rise registered in May and more in line with the 11.3% seen in April. The mining and manufacturing sectors were the main subcomponents driving the headline print, rising by 28.2% and 12.3% year-on-year (y-o-y) respectively. We expect industrial production to cool over H211, forecasting an average expansion of 4.7% this year.

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