Bulgaria Industry January 2019

Bulgaria

Bulgaria: Industrial output rebounds in January

March 8, 2019

Industrial output rose 2.8% in working day-adjusted annual terms in January, contrasting the 2.9% year-on-year decline logged in December, which had marked the sharpest contraction in five and a half years. January’s reading largely reflected the solid rebound in manufacturing output. In addition, the mining and quarrying sector posted greater output gains compared to December while the utilities supply sector continued to contract in January. Annual average growth in industrial output ticked down to 1.0% from 1.1% a month earlier.

In seasonally-adjusted terms, industrial output advanced 3.2% on a monthly basis, contrasting December’s 2.1% month-on-month decline.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 2.1% in 2019, which is down 0.6 percentage points from last month’s estimate. For 2020, our panel sees industrial output growing 2.1%.


Author:, Economist

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Bulgaria Industry January 2019

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).


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