Bulgaria: Industrial output drops at faster clip in February
April 9, 2021
Industrial output fell 3.4% year-on-year in February (January: -3.2% yoy). Looking at the details of the release, manufacturing output dropped at a faster rate in February compared to the previous month.
On a seasonally-adjusted monthly basis, industrial output recorded zero growth in February (January: +1.0% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 6.5% in February, down from January's minus 6.4%.
Author: Hanna Andersson, Economist