Bulgaria: Industrial output growth remains stable in November
January 10, 2019
Industrial output rose 1.2% in working day-adjusted annual terms in November, matching the revised 1.2% year-on-year expansion logged in October (previously reported: +1.6% year-on-year). November’s reading largely reflected narrower gains in manufacturing but smaller output losses in the mining and quarrying sector. Meanwhile, the utilities supply sector continued to contract in November. Annual average growth in industrial output inched down to 1.1% from 1.2% a month earlier.
In seasonally-adjusted terms, industrial output climbed 0.4% on a monthly basis, moderating from October’s revised 0.6% month-on-month increase (previously reported: +0.8% month-on-month).
Bulgaria Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial output to grow 2.8% in 2019, which is down 0.4 percentage points from last month’s estimate. For 2020, our panel sees industrial output growing 2.4%.
Author: Javier Colato, Economist