FX.co ★ Moldova Industrial Output at 13-Month Low

Industrial production in Moldova declined by 2.5% year-on-year in February 2026, following a downwardly revised 8.0% increase in January. This was the weakest level of industrial activity since January 2025.

The overall downturn was driven primarily by the manufacturing sector, where output fell 3.7% after a 5.2% rise in January. Within manufacturing, sharper contractions were recorded in:

• Beverages (-16.1% vs -13.0% in January)
• Chemicals and chemical products (-20.9% vs -4.8%)
• Computer, electronic, and optical products (-68.8% vs -38.9%)
• Electrical equipment (-28.3% vs -7.9%)
• Machinery and equipment (-39.6% vs -0.6%)
• Furniture (-10.9% vs -7.9%)

Growth in the electricity, gas, steam, and air-conditioning supply sector also slowed markedly, with output up 4.1% compared with a 21.5% surge in January.

By contrast, the contraction in mining and quarrying eased, with output down 36.6% year-on-year versus a 63.7% fall in the previous month.

On a monthly basis, industrial production increased by 2.4% in February, rebounding from a 25.4% decline in January. Over the first two months of 2026 as a whole, industrial output grew by 2.4%.