Kazakhstan: Industrial output growth wanes in March
Industrial output increased 3.0% compared to the same month of the previous year in March, which was a deterioration from...
Industrial Production in Bulgaria
Bulgaria's economy recorded an average growth rate of 2.8% in industrial production in the decade leading up to 2022. This is below the average of 3.2% for Eastern Europe. In 2022, industrial production growth in Bulgaria was 12.7%. For more industry information, visit our dedicated page.
Bulgaria Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Bulgaria from 2014 to 2023.
Source: National Statistical Institute, Bulgaria.
Bulgaria Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.3 | 0.5 | -5.9 | 9.8 | 12.7 |
Decline in industrial activity softens in December
Industrial output dropped 7.6% year on year in December, which was markedly softer than November's 12.2% decrease. Looking at the details of the release, manufacturing production decreased at a faster pace in December, while mining output declined at a softer, albeit still pronounced, pace. On a seasonally adjusted monthly basis, industrial production rebounded, rising 3.3% in December (November: -4.0% mom), the best result since March 2022. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 8.7% in December, down from November's minus 8.0%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Bulgarian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Bulgarian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Bulgarian industry projections.
Want to get access to the full dataset of Bulgarian industry forecasts? Send an email to info@focus-economics.com.
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