Bulgaria Industrial production April 2022

Bulgaria

Bulgaria: Industrial output growth drops to six-month low in April

June 10, 2022

Industrial production grew 13.2% year on year in April (March: +19.7% yoy). The reading was largely driven by a deterioration in manufacturing output growth. In addition, mining output lost steam.

On a seasonally-adjusted monthly basis, industrial output fell 0.4% in April (March: +5.2% mom)—the worst result since May 2021. Meanwhile, annual average industrial production growth fell to 12.8% in April (March: +13.6%), signaling a worsening trend in the industrial sector.

Our panelists see industrial production growing 4.1% in 2022, which is unchanged from last month’s forecast, and 2.8% in 2023.


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Bulgaria Industry April 2022

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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