Bulgaria: Industrial production improves in September
November 7, 2014
In September, industrial output fell 0.4% over the same month last year in working-day adjusted terms, according to the National Statistical Institute. The figure marked an improvement over August’s 2.0% contraction (previously reported: -1.9%). September’s contraction was driven by falling production in mining and quarrying, as well as in electricity, gas, steam and air condition. In contrast, manufacturing output swung from a contraction in August to an expansion.
On a month-on-month basis, industrial production increased a seasonally-adjusted 1.2% in September, which contrasted the 0.6% decrease recorded in the previous month. However, average growth in industrial production decreased from August’s 2.5% rise to a 2.2% increase.