Bulgaria Industrial production February 2022

Bulgaria

Bulgaria: Industrial output growth moderates in February

April 8, 2022

Industrial production rose 14.4% year-on-year in February (January: +17.2% yoy). Looking at the provisional data, manufacturing production expanded at a slower pace in February, and mining output also rose at a softer rate.

On a monthly basis, industrial output dropped 0.8% in seasonally-adjusted terms in February, contrasting January’s 2.2% expansion and marking the worst result since May 2021. Meanwhile, annual average industrial production growth rose to 12.5% in February (January: +11.0%). This signals an improving trend in the industrial sector.

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


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Bulgaria Industrial production Chart


Bulgaria Industry February 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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