Bulgaria Industrial production

Bulgaria

Bulgaria: Industrial production drops in July

September 10, 2014

In July, industrial output fell 0.2% over the same month last year in working-day adjusted terms according to the National Statistical Institute. The figure marked the largest contraction in nearly a year and was a deterioration over the 0.9% increase recorded in June. July’s contraction resulted from a reduction in mining and quarrying as well as in electricity, gas, steam and air conditioning supply.

On a month-on-month basis, industrial production rose a seasonally-adjusted 0.2% in July, which contrasted the 1.1% decrease recorded in the previous month. However, annual average growth in industrial production remained unchanged at June’s 2.5%—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: Angela Bouzanis, Senior Economist

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Bulgaria Industrial production Chart


Bulgaria Industry July 2014

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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