In August, industrial production expanded a subdued 1.0% in working-day adjusted terms over the same month last year. The result came in well below the revised 6.6% rise recorded in July (previously reported: +6.2% year-on-year), as all sub-sectors decelerated and energy production contracted. A month-on-month comparison points to an even deeper deceleration than implied by the annual figures, as industrial production contracted 2.0% over the previous month in seasonally adjusted terms, contrasting the 1.1% increase in July. As a result, the annual average variation in industrial production edged down from 6.9% in July to 6.7% in August. The government maintains its 3.6% growth forecast for this year. However, on 11 October, Finance Minister Simeon Djankov cut next year's economic growth forecast from 4.2% to 2.5% amid depressed conditions in western Europe.
Industrial output slows in August
October 7, 2011
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Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.