Bulgaria: Industrial output accelerates in July
September 8, 2011
In July, industrial production expanded 6.2% in working-day adjusted terms over the same month last year, as all sub-sectors strengthened. The result came in above the revised 2.9% rise recorded in June (previously reported: +2.2% year-on-year). A month-on-month comparison corroborates the improvement implied by the annual figures, as industrial production expanded 1.5% over the previous month in seasonally adjusted terms, contrasting the 0.7% drop in June. As a result, annual average variation in industrial production edged up from 6.5% in June to 6.8% in July. The government expects the economy to expand 3.6% this year and 4.1% in 2012.