Bulgaria Industry September 2018

Bulgaria

Bulgaria: Industrial output contracts in September

November 8, 2018

Industrial output fell 0.8% in working day-adjusted terms and on an annual basis in September, contrasting the revised 1.7% year-on-year expansion logged in August (previously reported: +2.3% year-on-year). September’s reading reflected significantly weaker manufacturing gains, as well as losses in the utilities supply. Meanwhile, annual average growth in industrial output edged down to 1.3% from 1.6% a month earlier.

In seasonally-adjusted terms, industrial output dropped 1.2% on a monthly basis, contrasting August’s revised flat month-on-month reading (previously reported: +0.8% month-on-month s.a.).

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.2% in 2019, which is unchanged from last month’s estimate. For 2020, our panel sees industrial output growing 2.7%.


Author:, Economist

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Bulgaria Industry September 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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