Industry in Bulgaria
Bulgaria - Industry
Industrial production closes 2019 on a sour note
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).
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%.
Bulgaria - Industry Data
|Industrial Production (annual variation in %)||1.8||2.9||2.7||3.4||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Industry Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||0.40||0.0 %||Dec 31|
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February 14, 2020
Consumer prices increased 0.9% from the previous month in January, following December’s 0.7% rise.
February 14, 2020
The economy grew 3.5% year-on-year in the fourth quarter, slightly down from the third quarter’s 3.7% outturn but beating market expectations, according to a preliminary release by the Statistical Institute on 14 February.
February 10, 2020
Industrial production fell 1.5% year-on-year in December, after dropping 0.2% in November.
January 15, 2020
Consumer prices increased 0.7% from the previous month in December, following November’s 0.5% rise.
January 10, 2020
Industrial production decreased 0.4% year-on-year in November, after increasing 1.8% in October.