Bulgaria: Industrial output declines at sharper pace in January
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.