Bulgaria: Industrial output growth remains broadly stable in October
Industrial output grew 9.7% in year-on-year terms in October, which followed September’s 9.7% increase. The figure was partly driven by a moderation in manufacturing output, which grew at the slowest pace since February. In addition, mining output also weakened.
On a seasonally-adjusted monthly basis, factory output rose at a softer pace of 0.7% in October (September: +1.3% mom). Meanwhile, annual average industrial production growth rose to 6.2% in October (September: +5.1%), signaling an improving trend in the industrial sector.