Bulgaria's industrial output falls 0.2% y/y in July after 10 months of growth

By bne IntelliNews September 10, 2014

Bulgaria's industrial production shrank 0.2% y/y in July 2014 after increasing in each of the 10 months before that, due to a slump in utilities output, working day adjusted statistics office data showed.

In seasonally-adjusted terms, the output inched up 0.2% m/m in July, following a1.1% m/m decline in June.

A high base effect from last year deepened the decline in the utilities sector to 11.9% y/y in July from 4.4% in June. On the other hand, manufacturing output rose 3.9% y/y, accelerating from a 2.2% y/y growth in the previous month. Production of motor vehicles excluding cars registered the biggest improvement, growing 43.5% y/y in July versus 2.6% y/y in June.

Mining and quarrying output fell 0.9% y/y in July after a 0.7% y/y decline in June, reflecting a 5.4% y/y drop in iron ore production. On the other hand, coal output rose 13.7% y/y after an 11.5% y/y drop in June.

Meanwhile, industrial sales fell 2.1% y/y in July, swinging from an 8.6% increase in June. On a monthly comparison basis, turnover rose 3.7%.

Related Articles

Former Bulgarian energy minister charged in abuse of office case

The anti-corruption unit of Bulgaria’s prosecution service has formally indicted former energy minister Rumen Ovcharov in an abuse of office case ... more

South Africa’s NEPI acquires shopping malls in Hungary, Bulgaria for €528mn

South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more

CEZ’s attempts to sell Bulgarian assets reportedly suspended

The sale procedure initiated by CEZ for its assets in Bulgaria has been suspended, Bulgaria’s Energy Minister Temenujka Petkova said ... more