Bulgarias industrial production grows 1.4% y/y in June.

By bne IntelliNews August 8, 2012
Bulgarias industrial production index increased by 1.4% y/y in real terms in June after falling by 0.5% y/y in May, preliminary seasonally adjusted data of the statistics office shows. This is the first annual rise in output after the index started falling in January. When compared to May, the output has however shrank by 0.8%. The manufacturing sector expanded by 2.8% y/y in June driven by the expected surge in drinks manufacturing during the month (up 12.8% y/y). Other sub-sectors that contributed positively were manufacturing of tobacco, clothes, rubber and plastic products and motor vehicles The mining industry turned positive in July and registered an 8.2% annual increase due to the metal ore mining and the non metals sub-sectors. The utilities sector remained below the year-ago levels and the contraction stood at 3.3% y/y in July. In seasonally-unadjusted terms, the industrial production rose by 1.9% m/m but fell by 0.3% y/y in June.

Bulgarias industrial production grows 1.4% y/y in June.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335