Bulgaria Industrial production January 2017

Bulgaria

Bulgaria: Industrial production contracts in January for first time in eight months

March 9, 2017

In January, industrial production decreased 1.2% from the same month last year in working-day adjusted terms, which marked the first contraction since May 2016. January’s contraction was mainly driven by decreases in the manufacturing and mining sectors. The electricity, gas, steam and air conditioning supply sector recorded an expansion, but it was not enough to prevent January’s overall decline.



A month-on-month comparison showed that industrial production declined a seasonally-adjusted 3.9% in January, which contrasted the 1.7% expansion registered in the preceding month. Meanwhile, annual average growth in industrial production edged up from 2.6% in December to 2.8% in January.

FocusEconomics Consensus Forecast participants see industrial production expanding 3.4% in 2017, which is unchanged from last month’s Consensus. For 2018, panelists also see industrial output growing 3.4%.


Author:, Economist

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Bulgaria Industry January 2017

Note: Year-on-year changes of working-day adjusted and annual average variation of industrial production index in %.
Source: National Statistical Institute (NSI).


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