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.

Related Articles

Bulgaria’s opposition BSP files no-confidence motion against government

Bulgaria’s opposition Socialist Party (BSP) filed a no-confidence motion against ... more

Bulgarian parliament overturns president’s veto on corruption bill

The Bulgarian parliament has overturned a veto by President Rumen Radev on the controversial anti-corruption law that was adopted in December despite strong objections from the ... more

Bulgarian capital mulls car ban to tackle air pollution

The Sofia city authorities have announced plans for wide-reaching measures to curb high levels of air pollution in the capital.  Bulgaria has the highest levels of PM10 concentrations in ... more