Bulgaria Industry

Bulgaria

Bulgaria: Industry improves further in May

July 9, 2014

In May, industrial output rose 4.9% over the same month last year in working-day adjusted terms according to the National Statistical Institute. The increase marked an improvement over the 3.7% increase recorded in April. May’s acceleration resulted from a rebound in electricity, gas, steam and air conditioning supply.

On a month-on-month basis, industrial production fell a seasonally-adjusted 0.7% in May, which contrasted the 0.2% increase recorded in the previous month. Annual average growth in industrial production rose from 0.9% in April to 2.0% in May—the fastest growth pace since March 2012.

FocusEconomics Consensus Forecast participants see industrial production expanding 2.9% in 2014, which is unchanged from last month’s Consensus. For 2015, panelists see industrial output growing 4.0%.


Author:, Senior Economist

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Bulgaria Industry May 2014 0

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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