Bulgaria Industrial production December 2017

Bulgaria

Bulgaria: Growth in industrial output steadies in December

February 12, 2018

In December, industrial production expanded 2.0% over the same month of the previous year in working-day adjusted terms, matching the revised 2.0% expansion in November (previously reported: +1.7% year-on-year). December’s expansion was driven by growth in manufacturing, which more than offset contractions in mining and quarrying, and electricity, gas, steam, and air conditioning supply. Higher manufacturing output was supported by double-digit expansions in numerous components, including the manufacture of chemicals and chemical products, as well as basic metals.

A month-on-month comparison shows that industrial production rose a seasonally-adjusted 0.7% in December, which came in just below the 0.8% expansion observed in November. Annual average growth in industrial production moderated from 4.1% in November to 3.6% 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 December 2017 0

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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