Bulgaria: Growth in industrial production picks up in August
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase. August’s result reflected an acceleration in manufacturing and in mining and quarrying. Within the manufacturing category, motor vehicle output registered the highest growth, followed by fabricated metal products.
A month-on-month comparison showed that industrial production expanded a seasonally-adjusted 0.7% in August, which contrasted the 1.5% contraction registered in the preceding month. Annual average growth in industrial production edged down from 2.1% in July to 2.0% in August, the lowest reading in 13 months.
Author: Luis Lopez Vivas, Economist