Bulgaria: Industrial production closes 2019 on a sour note
February 10, 2020
Industrial production fell 1.5% year-on-year in December, after dropping 0.2% in November. Meanwhile, average annual growth in industrial output logged 0.9%, up from 0.7% the month prior.
December’s slump reflected a downturn in manufacturing industries and another sharp contraction in the electricity, gas, steam and air conditioning supply sector, more than offsetting faster growth in the mining and quarrying industries. In seasonally-adjusted terms, industrial output slumped 1.8% month-on-month in December (November: -1.3% month-on-month).