Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details...
Industrial Production in Bulgaria
The Bulgarian economy recorded an average industrial production growth rate of 1.5% in the decade to 2024. In 2024, industrial production growth was -3.1%. For more industry information, visit our dedicated page.
Bulgaria Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Bulgaria from 2014 to 2024.
Source: Macrobond.
Bulgaria Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -5.9 | 9.8 | 12.7 | -8.4 | -3.1 |
Industrial activity contracts at softer pace in May
Latest reading: Industrial production dropped 6.6% year on year in May (April: -12.8% yoy). May's softer drop was due to a smaller fall in manufacturing production and a rebound in mining output. On a seasonally adjusted monthly basis, factory output rose at a softer pace of 0.5% in May (April: +1.7% mom s.a.). Meanwhile, annual average of industrial production was 4.2% in May, matching April's reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Bulgarian industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Bulgarian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Bulgarian industry projections.
Want to get access to the full dataset of Bulgarian industry forecasts? Send an email to info@focus-economics.com.
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