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.
Author: Javier Colato, Economist