Bulgaria Industrial production February 2021


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%.

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 February 2021

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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