Bulgaria Industrial production


Bulgaria: Growth in industrial production accelerates in February

April 8, 2015

In February, industrial output expanded 2.3% over the same month last year in working-day adjusted terms, according to the National Statistical Institute. The figure was above January’s 1.3% increase. February’s gain was the largest in 9 months and largely reflected an improvement in mining and quarrying.

On a month-on-month basis, industrial production fell a seasonally-adjusted 0.6% in February, which was below the 1.7% expansion recorded in the previous month. Average growth in industrial production fell from January’s 1.6% to 1.4% in February.

FocusEconomics Consensus Forecast participants see industrial production expanding 2.9% in 2015, which is down 0.7 percentage points from last month’s Consensus. For 2016, panelists see industrial output growing 10.4%.

Author: Angela Bouzanis, Senior Economist

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Bulgaria Industrial production Chart

Bulgaria Industry February 2015 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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