Bulgarias industrial production down by 1.6% y/y in November 2012.

By bne IntelliNews January 10, 2013
Bulgarias industrial production declined by 1.6% y/y in November, preliminary seasonally adjusted data of the statistics office shows. The three-month average industrial output ending November was also negative and the drop accelerated to 2.3% y/y from 1.3% in the period from August to October due to persistent downward trend in the past few months. The worst-performing sector during the month was the mining, which shrank by 10.7% y/y in November on the back of a 34% annual drop in coal mining. Utilities output contracted by 5.1% y/y in November after falling by revised 9.3% y/y in October. The manufacturing sector turned to 0.4% y/y growth after inching down 0.9% y/y in October. Improved results were registered in the production of beverages, clothes, paper, rubber. The industrial turnover index, which comprises both volume and price changes and also includes excises on production and related services provided by the companies, went up by 2.3% y/y in November. Domestic sales dropped by 1.7% y/y, while exports turnover increased by 9.3% y/y. Due to higher sales in November the three month average of industrial turnover rose to 1% from to 0.8% fin the three months ending October.

Bulgarias industrial production down by 1.6% y/y in November 2012.

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