Bulgaria Industrial production January 2022

Bulgaria

Bulgaria: Industrial output grows at fastest pace in nine months in January

March 10, 2022

Industrial output rose 16.5% year-on-year in January, rising from December’s 14.8% increase and marking the best result since last April. The reading came on the back of stronger manufacturing and mining output.

On a monthly basis, industrial production rose 1.9% in seasonally-adjusted terms in January, rising from December’s 1.3% expansion. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 10.8% in January, up from the prior month’s 9.2% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 4.2% in 2022, which is up 0.5 percentage points from last month’s forecast. In 2023, panelists see industrial production growing 2.9%.


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Bulgaria Industrial production Chart


Bulgaria Industry January 2022 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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