FX.co ★ Moldova Industrial Output Slows in November

In November 2025, Moldova experienced an 11.6% increase in industrial production compared to the same month the previous year, a slight reduction from the upwardly revised 12.1% growth observed in October. This represented the ninth month in a row of expansion, though at a more moderate rate, as there was a significant downturn in the electricity, gas, steam, and air-conditioning supply sector, which dropped by 9.8% compared to a 37% increase in October. Conversely, the manufacturing sector saw substantial growth at 19.4%, up from 10.1%, with notable contributions from the food products industry, which soared by 57.4% against a previous 32.8%. The dairy products sector also turned around with a 5.5% increase following a -2.2% decline, while animal feed preparations jumped by 47.7%, up from 20.3%, and beverage production surged by 53% compared to a -25.4% shrinkage. Meanwhile, the decline in mining and quarrying was not as pronounced as before, improving to -2.4% from -20.7%. On a month-to-month basis, industrial output increased by 8% in November, though this was a deceleration from the revised growth rate of 18.9% in October.