Bulgaria Industrial production December 2015


Bulgaria: Growth in industrial production decelerates in December

February 8, 2016

In December, industrial production rose 1.6% over the same month last year in working-day adjusted terms, according to the National Statistical Institute, which was below November’s 2.3% increase. December’s reading reflected a drop in mining and quarrying as well as softer growth in manufacturing output. Conversely, the decline in electricity, gas, steam and air conditioning softened in December.

On a month-on-month basis, industrial production rose a seasonally-adjusted 0.5% in December, which was below the 1.2% rise recorded in the previous month. As a result, average growth in industrial production stabilized at November’s 2.6% in December, which still represented the highest reading since February 2012.

FocusEconomics Consensus Forecast participants see industrial production expanding 3.0% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists see industrial output growing 3.4%.

Author:, Economist

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Bulgaria Industrial production Chart

Bulgaria Industry December 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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