Bulgaria Industry May 2019


Bulgaria: Industrial production decelerates in May

June 7, 2019

Industrial output rose 0.6% in working day-adjusted annual terms in May, following the 2.7% expansion logged in April. Meanwhile, annual average growth in industrial output remained stable at April’s 1.9%.

May’s uptick reflected a notable increase in production in the mining and quarrying industry, which more than offset soft declines in output in the manufacturing and utilities sectors.

In seasonally-adjusted terms, industrial output was flat on a monthly basis in May, following April’s 1.6% month-on-month contraction.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 2.4% in 2019, which is up 0.2 percentage points from last month’s estimate. For 2020, our panel again sees industrial output growing 2.1%.

Author: Massimo Bassetti, Economist

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Bulgaria Industry Chart

Bulgaria Industry May 2019

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %.
Source: National Statistical Institute (NSI).

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