Bulgaria’s industrial production decline slows to 1.3% y/y in April 2013

By bne IntelliNews June 7, 2013

Bulgaria's calendar-adjusted industrial production fell 1.3% y/y in April after decreasing by revised 3% y/y in March, preliminary data of the statistics office showed.  On a monthly basis, seasonally-adjusted output edged up 1.1% after falling 2.3% the month before.

In April, mining decreased 13% y/y (slowing from 21 y/y drop in March) with coal mining and ore metal down 29% y/y and 9% y/y, respectively. However, manufacturing output increased 1.6% y/y after falling 2.7% y/y in March mainly due to increased production of machinery, computer and communications devices, chemical products, paper and carton, leather, and tobacco. The utilities sector output dropped 2.6% y/y in April.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

"Bulgaria's Trump" charged with extortion

A prosecutor from Bulgaria’s specialised anti-corruption unit has pressed extortion charges against deputy parliament speaker Veselin Mareshki, a ... more

RBI issues €650mn of AT1 hybrid securities

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, has issued €650mn of perpetual additional Tier 1 capital (AT1). ATI ... more