Bulgaria Industrial production January 2018

Bulgaria

Bulgaria: Growth in industrial output accelerates in January

March 20, 2018

In January, industrial production expanded 3.5% over the same month of the previous year in working-day adjusted terms, coming in above the 2.3% expansion recorded in December. Higher manufacturing output more than offset contractions in the electricity, gas, steam and air condition supply; and the mining and quarrying sectors. The expansion in manufacturing was driven by a double-digit increase in the manufacture of electrical equipment; machinery and equipment; beverages; and metallic products.

A month-on-month comparison shows that industrial production rose a seasonally-adjusted 0.3% in January, which came in below the 1.0% rose observed in December.

FocusEconomics Consensus Forecast participants see industrial production expanding 3.6% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, panelists see industrial output growing 3.1%.


Author: Jean-Philippe Pourcelot, Economist

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Bulgaria Industry January 2018 1

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


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