Bulgaria Industry November 2019

Bulgaria

Bulgaria: Industrial production slumps in November

January 10, 2020

Industrial production decreased 0.4% year-on-year in November, after increasing 1.8% in October. Meanwhile, average annual growth in industrial output logged 0.7%, down from 0.9% the month prior and notching the weakest reading in over five years.

November’s slump reflected a sharper contraction in the electricity, gas, steam and air conditioning supply sector, combined with slowing expansion rates for both the mining and manufacturing industries. In seasonally-adjusted terms, industrial output dropped 1.0% month-on-month in November (October: +1.0% month-on-month).

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.8% in 2020, which is up 0.2 percentage points from last month’s forecast. For 2021, panelists see industrial production growing 2.1%.


Author:, Economist

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Bulgaria Industry November 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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