Bulgaria Industrial production February 2017


Bulgaria: Industrial production grows robustly in February

April 10, 2017

In February, industrial production in Bulgaria expanded 5.0% from the same month last year in working-day adjusted terms, contrasting the 1.0% contraction registered in January. February’s expansion was mainly driven by strong rebounds in the manufacturing and mining sectors, which more than compensated for the deceleration in the electricity, gas, steam and air conditioning supply sector.

A month-on-month comparison showed that industrial production grew a seasonally-adjusted 3.7% in February, which contrasted the 3.2% contraction registered in the preceding month. Meanwhile, annual average growth in industrial production was 2.8% in February, on par with January’s result.

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 Industrial production Chart

Bulgaria Industry February 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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