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.
Author: Eric Denis , Economist