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.
Author: Christopher Mc Innes, Economist