The first signs of recovery of the national economy appeared in Moldova after a sharp recession in 2020 amid a pandemic and severe drought - Ministry of Economy.
This was reported by the Ministry of Economy and Infrastructure, noting that this is confirmed by the data published by the National Bureau of Statistics on the dynamics of the main sectors of the economy, which reflect the first signs of recovery of the national economy, indicate the resumption of domestic and external demand, the revival of economic and investment activity, as well as an increase of the volume of commercial transactions. The Ministry of Economy and Infrastructure emphasizes that the industrial sector returned to a forward trend in the first quarter of 2021 after a long negative evolution caused by the consequences of the pandemic. In January-March 2021, the volume of industrial production in the country increased by 3%. The energy sector had the greatest positive impact on the growth of the industrial sector (+ 24.2%), along with some other manufacturing industries: light industry (+ 13.7%), furniture manufacturing (+ 26.6%), non-metallic mineral products ( + 15.7%), machinery and equipment (+ 32.9%). However, the food industry and some mechanical engineering industries are still in decline due to the effects of the drought and pandemic. The department drew attention to the fact that the evolution of retail trade and trade in services to the population indicates an improvement in demand from the population. In January-March 2021, trade in retail goods increased by 6.6% (in comparable prices), and trade in market services to the population - by 31.1%. The volume of services rendered to enterprises (+ 3.4%) and trade in motor vehicles (+ 14.4%) (at current prices) also increased. At the same time, wholesale trade continues to decline (-4.8%), although in March it grew by 8%. The volume of investments in fixed assets in the first quarter of 2021 increased significantly - by 14.8%. Meanwhile, investments in machinery and equipment (+ 21%), vehicles (+ 51%), as well as engineering structures (+ 11.4%) increased significantly. This evolution was due to a favorable credit situation, an increase in public investment and investment financed from external sources. Herewith, investments in residential and non-residential buildings continue to decline (-5.7%). The Ministry of Economy and Infrastructure drew attention to the fact that as a result of the resumption of external demand from the partner countries, Moldovan exports increased by 5.6% in the first quarter of 2021. Thus, the recovery of domestic demand for goods from economic agents and the population led to import growth by 13.6%. The negative trade balance increased by 21.5%. The average monthly wage of an employee in the national economy in the first quarter of 2021 amounted to 8468.6 lei and increased in nominal terms by 10.9%, compared to the first quarter of 2020. In real terms, wages increased by 10%. Expressed in foreign currency, it was about 401 euros or $ 484. At the same time, in the public sector, the average monthly salary in the first quarter of this year was amounted to 7463 lei, an increase of 5.3%, and in the real sector - 8839.8 lei, and increased, respectively, by 12.8% (in nominal terms).// 08.06.2021 — InfoMarket
