Bulgaria: Industrial production accelerates in April
June 7, 2011
In April, industrial production expanded 9.4% in working-day adjusted terms over the same month last year. The result was above the revised 6.1% rise recorded in March (previously reported: +5.1% year-on-year), owing to stronger growth in mining and quarrying as well as in the electricity, gas, steam and air conditioning supply sectors, whereas manufacturing decelerated. A month-on-month comparison corroborates the acceleration implied by the annual figures, as industrial production expanded 1.5% over the previous month in seasonally adjusted terms, which was faster than the 1.2% increase in March. As a result, the trend continues to improve, with the annual average variation in industrial production rising from 5.2% in March to 6.1% in April. The government expects the economy to expand 3.6% this year and 4.1% in 2012.