Bulgaria Industry June 2019

Bulgaria

Bulgaria: Industrial production falls at sharpest rate in six years in June

August 8, 2019

Industrial output sank 3.6% year-on-year in June, after a 0.9% increase in May and marking the lowest print in six years. Meanwhile, annual average growth in industrial output logged 1.3%, down from 1.9% a month prior.

June’s downturn reflected an across-the-board deterioration in the industrial sector. Mining and quarrying contracted sharply, while manufacturing and utilities supply fell at a less pronounced pace.

In seasonally-adjusted terms, industrial output fell 1.9% month-on-month in June (May: -0.4% month-on-month).

FocusEconomics Consensus Forecast panelists expect industrial output to grow 2.4% in 2019, which is up 0.1 percentage points from last month’s estimate. For 2020, our panel again sees industrial output growing 2.2%.


Author:, Economist

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Bulgaria Industry June 2019 0

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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