Bulgaria Industrial production

Bulgaria

Bulgaria: Industrial production deteriorates in June

August 8, 2014

In June, industrial output rose 0.6% over the same month last year in working-day adjusted terms according to the National Statistical Institute. The figure marked the slowest increase since December 2013 and was a significant deterioration over the 5.0% increase recorded in May. June’s deceleration resulted from a contraction in mining and quarrying as well as in electricity, gas, steam and air conditioning supply.

On a month-on-month basis, industrial production fell a seasonally-adjusted 1.3% in June, which followed the 1.2% decrease recorded in the previous month. However, average growth in industrial production rose from 2.0% in May to 2.4% in June—the fastest growth pace since March 2012.

FocusEconomics Consensus Forecast participants see industrial production expanding 2.9% in 2014, which is unchanged from last month’s Consensus. For 2015, panelists see industrial output growing 4.0%.


Author:, Senior Economist

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Bulgaria Industry June 2014 0

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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