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.).
Author: Christopher Thomas, Economist