Bulgaria Industry


Industrial production expands at fastest pace in nine months

According to the National Statistical Institute, industrial output rose 4.1% over the same month last year in working-day adjusted terms in October, which marked the fastest pace in nine months. The reading overshot the revised 0.8% expansion recorded in September (previously reported: +0.5% year-on-year) and was the result of an improvement in manufacturing. Conversely, electricity, gas, steam and air conditioning recorded flat growth over the same period last year.

On a month-on-month basis, industrial production rose a seasonally-adjusted 1.5% in October, which followed the revised 0.6% increase recorded in September (previously reported: -0.1% month-on-month). In addition, annual average growth in industrial production rebounded from minus 0.5% in September to 0.1% in October.

FocusEconomics Consensus Forecast participants see industrial production expanding 2.3% this year, which is up 0.7 percentage points from last month's Consensus. Next year, panelists see industrial output growing 2.3%, which is down 0.1 percentage points from last month's estimate.

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Bulgaria Industry Chart

Bulgaria Industry October 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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