Russia: Industrial output records lowest expansion in over a year in June
Industrial output rose 1.9% year on year in June (May: +5.3% yoy). The result marked the worst reading since March...
Industrial Production in Bulgaria
Bulgaria's economy recorded an average growth rate of 2.8% in industrial production in the decade leading up to 2022. This is below the average of 3.2% for Eastern Europe. In 2022, industrial production growth in Bulgaria was 12.7%. 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 2023.
Source: Macrobond.
Bulgaria Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.5 | -5.9 | 9.8 | 12.7 | -8.4 |
Industrial output declines in May
Industrial output nosedived 7.8% compared to the same month of the previous year in May, which contrasted April's 6.5% increase. The reading was partly due to a deterioration in manufacturing production. In addition, mining output fell notably. On a seasonally adjusted monthly basis, factory output fell 3.3% in May (April: +2.8% mom). Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 7.8% in May, up from April's minus 7.9%.
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 6 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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