Bulgaria Industry


Industrial production slows down in February

In February, industrial output grew 5.1% over the same month last year in working-day adjusted terms. The print followed the revised 8.3% increase observed in January (previously reported: +9.7% year-on-year) and was mainly driven by a weaker increase in energy, gas, steam and air conditioning supply.

A month-on-month assessment suggests a sharper deterioration than the slowdown pointed by the annual data, as industrial production fell a seasonally adjusted 2.0% in February, which contrasted the 0.7% increase recorded in January and marked the lowest rate since December 2011. Despite the February slowdown, the trend points upwards, with annual average growth in industrial production rising from 0.6% January to 1.3% in February.

FocusEconomics Consensus Forecast participants expect industrial production to expand 2.0% this year, which is down 0.3 percentage points from last month's Consensus. Next year, panellists see the industrial output growing 3.5%.


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Bulgaria Industry Chart

Bulgaria Industry February 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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