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.
Related Articles
Bulgargaz files claim against Gazprom over lost gas supply
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
Bulgaria's BACB to acquire 99.94% of Tokuda Bank
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
bne IntelliNews Southeast Europe Outlook 2024
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
20 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago