Bulgaria: Industrial production remains robust in December
February 7, 2011
In December, industrial production expanded 5.1% in working-day adjusted terms over the same month the previous year, which was below the 5.8% rise recorded in November. After surging 11.4% in November, manufacturing rose 7.8% annually in December. On the other hand, mining and quarrying improved from a 1.3% contraction in November to a 0.4% expansion in December, and electricity, gas, steam and air conditioning supply rebounded from a 7.2% contraction in November to a 0.8% expansion in December. A month-on-month comparison does not corroborate the robust annual figure, as industrial production contracted 1.0% over the previous month in seasonally adjusted terms (November: +1.1% month-on-month). However, the trend continues to improve, with the annual average variation in industrial production stepping up from 0.4% in November to 2.2% in December, which marks the second positive reading since January 2009.