Bulgaria Industrial production


Bulgaria: Growth in industrial production accelerates in March

May 8, 2015

In March, industrial output expanded 2.9% over the same month last year in working-day adjusted terms, according to the National Statistical Institute. The figure was above February’s 2.5% increase. March’s gain was the largest in 10 months and reflected a broad-based improvement in the index.

On a month-on-month basis, industrial production fell a seasonally-adjusted 0.8% in March, which was greater than the 0.7% contraction recorded in the previous month. Average growth in industrial production fell from February’s 1.4% to 1.3% in March.

FocusEconomics Consensus Forecast participants see industrial production expanding 3.2% in 2015, which is up 0.2 percentage points from last month’s Consensus. For 2016, panelists see industrial output growing 10.0%.

Author: Angela Bouzanis, Senior Economist

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Bulgaria Industrial production Chart

Bulgaria Industry March 2015

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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