Bulgaria Industry September 2019

Bulgaria

Bulgaria: Contraction in industrial production softens in September

November 8, 2019

Industrial production dipped 0.1% year-on-year in September, after falling 1.4% in August. Meanwhile, annual average growth in industrial output logged 0.8%, down from 0.9% in the previous month, marking the weakest reading in over five years.

September’s softer decline reflected a more moderate contraction in the manufacturing and utilities sector, as well as a strong rebound in the mining and quarrying sector. In seasonally-adjusted terms, industrial output expanded 0.3% month-on-month in September (August: 0.0% month-on-month).

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2020, which is down 0.2 percentage points from last month’s forecast. For 2021, panelists see industrial production growing 2.1%.


Author: Massimo Bassetti, Economist

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Bulgaria Industry September 2019

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).


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