Bulgaria: Industrial output deteriorates in July
Latest reading: Industrial output slid 8.3% year on year in July (June: -6.8% yoy). While manufacturing output fell at a softer pace in July, mining output nearly ground to a halt.
On a seasonally adjusted monthly basis, industrial output flatlined in July (June: -1.9% mom s.a.). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 4.8% in July, down from June’s minus 4.0% reading.