Industry in Bulgaria
Bulgaria - Industry
Contraction in industrial production softens in July
Industrial output dropped 0.9% year-on-year in July, following a sharper 3.4% contraction in June, which had marked the lowest print in six years. Meanwhile, annual average growth in industrial output logged 1.1%, down from 1.3% a month prior.
July’s fall reflected contractions in the manufacturing, and electricity, gas, steam and air conditioning sub-sectors, only partially offset by higher production in the mining and quarrying industry. In the important manufacturing sub-sector, a particularly sharp decline was recorded in the production of fabricated metal products.
In seasonally-adjusted terms, industrial output rebounded 0.8% month-on-month in July (June: -1.8% 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%.
Bulgaria - Industry Data
|Industrial Production (annual variation in %)||-0.2||1.8||2.9||2.7||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Industry Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||0.43||0.0 %||Sep 04|
|Exchange Rate||1.78||-0.72 %||Sep 04|
|Stock Market||573||-0.35 %||Sep 04|
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September 16, 2019
Consumer prices inched up 0.1% from the previous month in August, following July’s 0.8% jump.
September 10, 2019
Industrial output dropped 0.9% year-on-year in July, following a sharper 3.4% contraction in June, which had marked the lowest print in six years.
September 6, 2019
The economy grew 3.5% in annual and seasonally-adjusted terms in the second quarter of the year, above the preliminary estimate of 3.3% and matching the previous quarter’s print, according to comprehensive data released by the Bulgarian Statistical Institute on 6 September.
August 14, 2019
Consumer prices rose 0.8% from the previous month in July, contrasting June’s 0.6% downturn.
August 14, 2019
Bulgaria’s economy grew 3.3% year-on-year in the second quarter, down from the first quarter 3.5% outturn, according to a preliminary release by the Statistical Institute on 14 August.