Bulgaria Industry


Industrial production deteriorates further in November

In November, industrial output fell 2.1% over the same month last year in working-day adjusted terms. The print followed the 4.4% contraction observed in October and was driven by a sharp drop in the mining and quarrying sector. That said, the all-important manufacturing sector contracted at a softer pace.

A month-on-month assessment, however, does not corroborate the deterioration suggested by the annual figures, as industrial production expanded a seasonally adjusted 0.9% over the previous month, which contrasted the 0.4% drop recorded in October.

As a result, the trend remains in negative territory, with annual average growth in industrial production dropping from 0.9% in October to minus 1.2% in November, the lowest level in over two years.


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Bulgaria Industry Chart

Bulgaria Industry November 2013

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

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