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Bulgaria Industrial production November 2020

Bulgaria: Industrial output contracts at sharper pace in November

Industrial output dropped 5.0% in year-on-year terms in November, which was a sharper decline than October’s 3.1% decrease. Looking at the details of the release, both manufacturing production and mining output contracted at a quicker pace in November.

On a seasonally-adjusted monthly basis, industrial output fell 1.5% in November (October: +0.4% mom), the worst result since April. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.9%, down from October’s minus 5.5%.

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