Bulgaria Industrial production August 2022

Bulgaria

Bulgaria: Industrial output growth rises in August

October 10, 2022

Industrial output grew 18.4% year on year in August (July: +16.1% yoy). August's figure was largely driven by faster growth in manufacturing output. In contrast, mining production fell.

On a seasonally adjusted monthly basis, factory output rose at a softer pace of 0.7% in August (July: +1.1% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 15.6%, up from July's 15.0% reading.

Our panelists see industrial production growing 11.3% in 2022, which is up 1.9 percentage points from last month’s forecast, and 2.0% in 2023.


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Bulgaria Industrial production Chart


Bulgaria Industry August 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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