Bulgaria Industry April 2018

Bulgaria

Bulgaria: Industrial output contracts on manufacturing losses in April

June 8, 2018

Industrial output contracted on a monthly basis in April, falling 2.0% in seasonally-adjusted terms (March: +1.7% month-on-month s.a.).

On an annual basis, industrial output declined 0.8% in working day-adjusted terms in April, contrasting March’s 1.6% expansion. April’s reading reflected across-the-board losses; manufacturing output posted a rare contraction in annual terms, while year-on-year losses in mining output moderated from a month earlier. Moreover, the utilities supply also declined from the same month a year earlier.

Meanwhile, annual average growth in industrial output was stable from March at 3.0%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.6% in 2018, which is unchanged from last month’s estimate. For 2019, panelists see industrial output growing 3.1%.


Author:, Economist

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Bulgaria Industry April 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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