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Bulgaria Industrial production July 2023

Bulgaria: Industrial output dips in July

Industrial production dropped 11.5% year on year in July (June: -9.4% yoy). Looking at the details of the release, manufacturing production contracted at a softer rate in July, while the contraction in mining output worsened.

On a monthly basis, industrial production decreased 1.3% in seasonally adjusted terms in July, contrasting June’s 0.4% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.0% in July, contrasting June’s plus 0.2% reading.

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