Bulgaria Industrial production September 2020

Bulgaria

Bulgaria: Decline in industrial activity softens in September

November 9, 2020

Industrial production slid 2.6% year-on-year in September (August: -5.9% yoy), marking the best result since February. Looking at the details of the release, manufacturing output returned to growth in September, while mining output swung to contraction.

On a seasonally-adjusted monthly basis, industrial output rose at a quicker rate of 2.3% in September (August: +0.9% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.1%, down from August's minus 4.9%.

FocusEconomics Consensus Forecast panelists see industrial production growing 4.7% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, panelists see industrial production growing 3.7%.


Author:, Economist

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Bulgaria Industrial production Chart


Bulgaria Industry September 20 20

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).


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