Bulgaria Industrial production June 2022

Bulgaria

Bulgaria: Industrial output growth deteriorates in June

August 10, 2022

Industrial production rose 17.5% year on year in June (May: +23.9% yoy). June's reading was largely due to a deterioration in manufacturing output growth. In addition, mining output lost steam.

On a seasonally-adjusted monthly basis, industrial production fell 0.8% in June (May: +1.4% mom), the worst result since May 2021. Meanwhile, annual average industrial production growth rose to 14.2% in June (May: +13.6%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists see industrial production growing 8.0% in 2022, which is up 2.2 percentage points from last month’s forecast, and 2.1% in 2023.


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Bulgaria Industrial production Chart


Bulgaria Industry June 2022

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).


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