Industry in Bulgaria

Bulgaria Industry | Economic News & Forecasts

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

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)1.8  2.9  2.7  3.4  1.1  

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Bulgaria Industry Chart


Bulgaria Industry
Note: Annual variation of industrial output in %.
Source: National Statistical Insitute (NSI) and FocusEconomics calculations

Bulgaria Facts

Value Change Date
Bond Yield0.400.0 %Dec 31

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