Bulgaria Industrial production December 2020


Bulgaria: Decline in industrial output softens in December

February 10, 2021

Industrial output slid 3.3% compared to the same month a year earlier in December, which was a less pronounced drop than November's 5.0% decrease. Looking at the details of the release, manufacturing activity rebounded from the previous month, while mining output contracted at a softer pace in December.

On a seasonally-adjusted monthly basis, industrial output grew 0.1% in December (November: -1.7% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 6.1% in December (November: -5.9%).

FocusEconomics Consensus Forecast panelists see industrial production growing 3.9% in 2021, which is down 0.7 percentage points from last month’s forecast. In 2022, panelists see industrial production growing 3.3%.

Author:, Economist

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Bulgaria Industrial production Chart

Bulgaria Industry December 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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