Bulgaria Industry June 2018

Bulgaria

Bulgaria: Industrial output accelerates in June

August 8, 2018

In seasonally-adjusted terms, industrial output grew 1.0% on a monthly basis in June (May: -2.6% month-on-month s.a.).

On an annual basis, industrial output in working day-adjusted terms accelerated to 3.6% in June, coming in above May’s 0.5% expansion. June’s reading reflected strong gains in mining and manufacturing output, which were partly offset by a decline in the utilities supply.

Meanwhile, annual average growth in industrial output ticked down to 2.0% from 2.1% a month earlier.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.5% in 2018, which is unchanged from last month’s estimate. For 2019, panelists see industrial output growing 3.3%.


Author:, Economist

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Bulgaria Industry June 2018

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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