Bulgaria Industrial production August 2021

Bulgaria

Bulgaria: Industrial output growth picks up pace in August

October 8, 2021

Industrial output increased 10.8% compared to the same month of the previous year in August, which was above July's 8.6% increase. August's notable upturn came on the back of an increase in manufacturing and mining production.

On a seasonally-adjusted monthly basis, industrial output rose at a quicker rate of 1.8% in August (July: +0.9% mom), the best result since March. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 4.1% in August, up from July's 2.7% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 5.4% in 2021, which is unchanged from last month’s forecast. In 2022, panelists see industrial production growing 3.4%.


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Bulgaria Industrial production Chart


Bulgaria Industry August 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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