Bulgaria Industrial production April 2016


Bulgaria: Growth in industrial production decelerates slightly in April

June 8, 2016

In April, industrial production rose 2.5% over the same month last year in working-day adjusted terms, which was below March’s revised 2.6% increase (previously reported: +3.0% year-on-year). April’s reading reflected a deceleration in mining and quarrying, manufacturing and energy supply. Energy supply, which consists of electricity, gas, steam and air conditioning, recorded the eighth consecutive contraction, while the other subcategories have been expanding at solid rates since autumn last year.

On a month-on-month basis, industrial production fell a seasonally-adjusted 0.1% in April, which was above the 0.7% drop recorded in the previous month. Annual average growth in industrial production reached 3.0% in April, which mirrored March’s reading.

FocusEconomics Consensus Forecast participants see industrial production expanding 3.2% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists see industrial output growing 3.4%.

Author: Marlène Rump, Senior Data Analyst

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