Bulgaria Industry March 2018

Bulgaria

Bulgaria: Industrial output rebounds modestly in March

May 9, 2018

Industrial output rebounded on a monthly basis in March, expanding 2.3% in seasonally-adjusted terms (February: -1.1% month-on-month s.a.).

On an annual basis, industrial output rose 1.7% in working day-adjusted terms in March, contrasting February’s one-off 0.9% contraction. March’s reading reflected a more moderate contraction in mining output—especially coal mining—and a jump in the utilities supply. On the other hand, growth in manufacturing eased for a second straight month.

Meanwhile, annual average growth in industrial output ticked down to 3.0% from 3.5% in March.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.6% in 2018, which is unchanged from last month’s estimate. For 2019, panelists see industrial output growing 3.1%.


Author:, Economist

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Bulgaria Industry March 2018 0

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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