Bulgaria: Industrial production growth accelerates in June
July 10, 2017
In May, industrial production grew 9.6% from the same month last year in working-day adjusted terms (April: +5.1% year-on-year). May’s expansion was mainly driven by strong growth in the manufacturing and the mining and quarrying sectors, which more than compensated for contractions in the mining and the electricity, gas, steam and air conditioning supply sectors.
A month-on-month comparison showed that industrial production grew a seasonally-adjusted 2.7% in May, which contrasted the 0.7% contraction registered in the preceding month. Meanwhile, annual average growth in industrial production was 4.0% in May, up from 2.9% in April.
Author: Christopher Mc Innes, Economist