Bulgaria Industry May 2018


Bulgaria: Industrial output stabilizes on modest manufacturing gains in May

July 9, 2018

Industrial output rebounded on a monthly basis in May, growing 1.8% in seasonally-adjusted terms (April: -2.0% month-on-month s.a.).

On an annual basis, industrial output in working day-adjusted terms was stable from the same month a year earlier in May, contrasting April’s 0.8% contraction. May’s reading reflected modest gains in manufacturing output offset by losses in mining output and a decline in the utilities supply.

Meanwhile, annual average growth in industrial output was fell sharply from April, to 2.1% from 3.0%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 3.2% in 2018, which is unchanged from last month’s estimate. For 2019, panelists see industrial output growing 3.1%.


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Bulgaria Industry Chart

Bulgaria Industry May 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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