Bulgaria Industrial production September 2021

Bulgaria

Bulgaria: Industrial output growth remains broadly unchanged in September

November 10, 2021

Industrial output rose 10.5% compared to the same month of the previous year in September, which was a marginal deterioration from August's 10.6% increase. Looking at the details of the release, manufacturing production expanded at a softer pace in September, while mining output gained steam.

On a monthly basis, industrial production grew 1.6% in seasonally-adjusted terms in September, which was below August’s 2.1% expansion. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at plus 5.2% in September, up from August's 4.0%.

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 Industrial production Chart


Bulgaria Industry September 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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