Bulgaria Industrial production January 2021

Bulgaria

Bulgaria: Industrial output declines at sharper pace in January

March 10, 2021

Industrial production fell 3.4% year-on-year in January (December: -3.0% yoy). January's sharper drop was largely driven by a marked fall in manufacturing output, which swung to contraction.

On a seasonally-adjusted monthly basis, factory output rose at a quicker rate of 0.8% in January (December: +0.1% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 6.4%, down from December's minus 6.2% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 4.1% in 2021, which is up 0.2 percentage points from last month’s forecast. In 2022, panelists see industrial production growing 3.4%.


Author:, Economist

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Bulgaria Industrial production Chart


Bulgaria Industry January 2021 0

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).


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