Industry in Bulgaria

Bulgaria Industry | Economic News & Forecasts

Bulgaria - Industry

Industrial output falls sharply in December

Industrial output declined 3.8% in working day-adjusted annual terms in December, contrasting the 1.2% year-on-year expansion logged in November and marking the sharpest contraction in five-and-a-half years. December’s reading largely reflected a notable dip in manufacturing output, after expanding modestly in the previous month. Meanwhile, growth in the mining and quarrying sector came in flat in December and the utilities supply sector posted narrower losses compared to November. Annual average growth in industrial output inched down to 0.8% from 1.1.% a month earlier.

In seasonally-adjusted terms, industrial output fell 2.3% on a monthly basis, contrasting November’s 0.4% month-on-month increase.

Bulgaria Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial output to grow 2.7% in 2019, which is down 0.1 percentage points from last month’s estimate. For 2020, our panel sees industrial output growing 2.5%.

Bulgaria - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.2  1.8  2.9  2.7  3.4  

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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

Bond Yield0.880.0 %Feb 14
Exchange Rate1.74-0.72 %Feb 14
Stock Market581-0.35 %Feb 14

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