Bulgaria: Industrial output rebounds in October
December 10, 2018
Industrial output rose 1.6% in working day-adjusted terms and on an annual basis in October, contrasting the revised 0.4% year-on-year contraction logged in September (previously reported: -0.8% year-on-year). October’s reading reflected stronger manufacturing gains, as well as narrower losses in mining and quarrying and the utilities supply. Meanwhile, annual average growth in industrial output edged down to 1.2% from 1.3% a month earlier.
In seasonally-adjusted terms, industrial output climbed 0.8% on a monthly basis, contrasting September’s revised 0.8% month-on-month drop (previously reported: -1.2% month-on-month s.a.).
Author: Christopher Thomas, Economist