Bulgaria Industrial production July 2021


Bulgaria: Industrial output growth wanes in annual terms in July

September 10, 2021

Industrial output rose 8.3% year-on-year in July, slowing from June’s 10.5% increase. July's figure was partly driven by a moderation in manufacturing production growth, while mining output growth also lost steam.

On a monthly basis, industrial production grew 0.3% in seasonally-adjusted terms in July, which was below June’s 0.4% expansion. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 2.7% in July, up from June's 1.4% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 5.4% in 2021, which is up 0.5 percentage points from last month’s forecast. In 2022, panelists see industrial production growing 3.5%.


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Bulgaria Industrial production Chart

Bulgaria Industry July 2021

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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