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.

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