Bulgaria: Industrial output quickens in September
November 7, 2011
In September, industrial production expanded 1.5% in working-day adjusted terms over the same month last year. The result came in above the revised 1.1% increase recorded in August, as accelerations in the manufacturing and mining sectors offset a steep deterioration in energy production. A month-on-month comparison corroborates the improvement implied by the annual figures, as industrial production expanded 1.0% over the previous month in seasonally adjusted terms, which contrasted the 1.9% contraction in August. Despite the improvement, the annual average variation in industrial production edged down from 6.7% in August to 6.1% in September.