Bulgaria Industrial production July 2022

Bulgaria

Bulgaria: Industrial output growth slows in July

September 9, 2022

Industrial output increased 15.7% year on year in July (June: +17.7% yoy). The reading was largely due to a deterioration in manufacturing production growth. In contrast, electricity gas, steam and air conditioning supply and mining production gained steam.

On a seasonally adjusted monthly basis, industrial production rose 0.9% in July (June: -0.7% mom). Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 15.0%, up from June's 14.3%.

Our panelists see industrial production growing 9.4% in 2022, which is up 1.4 percentage points from last month’s forecast, and 2.2% in 2023.


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Bulgaria Industrial production Chart


Bulgaria Industry July 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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