Bulgaria: Industrial output eases in July
September 10, 2018
In seasonally-adjusted terms, industrial output shrank 1.2% on a monthly basis in July (June: +0.8% month-on-month s.a.).
On an annual basis, industrial output in working day-adjusted terms decelerated to 1.0% in July, coming in below June’s 3.6% expansion. July’s reading reflected sharp declines in mining output and the utilities supply, which were partly offset by modest gains in manufacturing output.
Meanwhile, annual average growth in industrial output ticked down to 1.8% from 2.0% a month earlier.
Author: Christopher Thomas, Economist