Bulgaria's industrial output returns to growth in October

By bne IntelliNews December 9, 2014

Bulgaria's industrial production rose for the first time in four months in October - by 0.4% y/y - thanks to a better performance in the utilities segment, working day adjusted data from the statistics office showed. The seasonally-adjusted industrial output increased 0.5% from September, when it grew 1.8% m/m.

The y/y decline in utilities output slowed to 2.7% in October from 11.7% in the previous month.

On the other hand, production in the mining sector fell 8.8% y/y, deepening from a previous drop of 7.4%. Metal ores output shrank 9.7% y/y and coal output contracted 6.7% y/y.

The y/y growth in manufacturing output decelerated to 2.3% from 5.1% in September, as shrinking food output and a decline of activity in the fabricated metal products segment offset expanding motor vehicles production.

Industrial sales increased 4.6% y/y and 4.1% m/m in October.

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