Bulgaria Industry


Industry improves in April

In April, industrial output rose 5.0% over the same month last year in working-day adjusted terms according to the National Statistical Institute. The figure marked an improvement over the revised 3.6% increase recorded in March (previously reported: +4.2% year-on-year). April’s expansion resulted from a rebound in manufacturing as well as in mining and quarrying.

On a month-on-month basis, industrial production rose a seasonally-adjusted 1.4% in March, which contrasted the 1.5% decrease recorded in the previous month. The figure marked the fastest expansion in three months. Annual average growth in industrial production rose from 0.5% in March to 1.0% in April—the fastest growth pace since April 2012.

FocusEconomics Consensus Forecast participants see industrial production expanding 2.3% in 2014, which is up 0.7 percentage points from last month’s Consensus. For 2015, panelists also see industrial output growing 2.3%.

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Bulgaria Industry Chart

Bulgaria Industry April 2014 1

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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