Bulgaria Industry October 2018


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.).

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.2% in 2019, which is unchanged from last month’s estimate. For 2020, our panel sees industrial output growing 2.7%.


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Bulgaria Industry Chart

Bulgaria Industry October 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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