Bulgaria Industrial production June 2017


Bulgaria: Industrial production slows in June

August 24, 2017

In June, industrial production grew 3.6% over the same month last year in working-day adjusted terms (May: +9.4% year-on-year). June’s slowdown was driven by a weaker expansion in the manufacturing sector, which offset stronger growth in the mining and quarrying sector and a less pronounced contraction in the electricity supply sector.

A month-on-month comparison showed that industrial production contracted a seasonally-adjusted 1.4% in June, which contrasted the 2.5% expansion registered in the preceding month. Meanwhile, annual average growth in industrial production was 4.0% in June, on par with May’s mark.

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 June 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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