Bulgaria Industrial production October 2021

Bulgaria

Bulgaria: Industrial output growth remains broadly stable in October

December 10, 2021

Industrial output grew 9.7% in year-on-year terms in October, which followed September's 9.7% increase. The figure was partly driven by a moderation in manufacturing output, which grew at the slowest pace since February. In addition, mining output also weakened.

On a seasonally-adjusted monthly basis, factory output rose at a softer pace of 0.7% in October (September: +1.3% mom). Meanwhile, annual average industrial production growth rose to 6.2% in October (September: +5.1%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists see industrial production growing 3.0% in 2022, which is down 0.4 percentage points from last month’s forecast. In 2023, panelists see industrial production growing 3.5%.


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Bulgaria Industry October 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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