Bulgaria: Industrial output growth rises in August
Industrial output grew 18.4% year on year in August (July: +16.1% yoy). August’s figure was largely driven by faster growth in manufacturing output. In contrast, mining production fell.
On a seasonally adjusted monthly basis, factory output rose at a softer pace of 0.7% in August (July: +1.1% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 15.6%, up from July’s 15.0% reading.