Bulgaria Industry July 2018

Bulgaria

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.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.2% in 2018, which is unchanged from last month’s estimate. For 2019, panelists also see industrial output growing 3.2%, also unchanged from last month’s forecast.


Author:, Economist

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Bulgaria Industry July 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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