Bulgaria Industrial production

Bulgaria

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.

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 11.1%, which is also unchanged from the previous month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Bulgaria Industrial production Chart


Bulgaria Industry September 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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