Industrial production in Bulgaria fell 5.7 percent year-on-year in August 2020, following an upwardly revised 6.1 percent drop in the previous month. It was the sixth consecutive decline in industrial output, amid the coronavirus pandemic. Production continued to fall for manufacturing (-6.5 percent from -5.7 percent in July); and electricity, gas, steam and air conditioning supply (-9.9 percent from -9.7 percent). Meanwhile, mining and quarrying output fell (13.6 percent from -3.1 percent). On a seasonally adjusted monthly basis, industrial production went up 0.7 percent, after a downwardly revised 2.1 percent rise in the prior month.
Industrial Production in Bulgaria averaged 2.70 percent from 2001 until 2020, reaching an all time high of 19.50 percent in May of 2004 and a record low of -22.60 percent in May of 2009. This page provides - Bulgaria Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Bulgaria is expected to be -2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Bulgaria to stand at 5.50 in 12 months time. In the long-term, the Bulgaria Industrial Production is projected to trend around 5.30 percent in 2021 and 3.10 percent in 2022, according to our econometric models.