Industry in Bulgaria

Bulgaria Industry | Economic News & Forecasts

Bulgaria - Industry

Covid-19 deals heavy blow to industrial output in March

Industrial output slumped 6.9% compared to the same month a year earlier in working-day adjusted terms in March, which followed a flat reading in February. March's reading marked the worst print since February 2010.

The figure was chiefly driven by tumbling manufacturing production more than offsetting a turnaround in mining and quarrying output as well as a softer contraction in the production of utilities.

On a seasonally-adjusted monthly basis, industrial production cratered 5.1% in March, contrasting February’s 0.8% expansion and logging the worst reading in over ten years. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in March, from February's 0.0%.

FocusEconomics panelists are still assessing the latest developments.

Bulgaria - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.9  2.7  3.4  0.3  0.6  

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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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