Industrial production in Bulgaria went down 1.5 percent from a year earlier in December 2019, following a downwardly revised 0.2 percent fall in the previous month. It was the biggest decline in industrial activity in six months, as manufacturing output shrank (-0.1 percent compared to 1.6 percent in November), in particular tobacco products (-32.4 percent), repair and installation of machinery and equipment (-17.1 percent), basic pharmaceutical products and pharmaceutical preparations (-16.1 percent), and machinery & equipment n.e.c. (-14.1 percent). On the other hand, production of electricity, gas, steam and air conditioning supply declined less (-9.3 percent compared to -9.6 percent); and mining & quarrying output rose further (4.6 percent compared to 1.8 percent). On a monthly basis, industrial production decreased 1.8 percent, after falling an upwardly revised 1.3 percent in November.
Industrial Production in Bulgaria averaged 3.12 percent from 2001 until 2019, 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.
Industrial Production in Bulgaria is expected to be 0.80 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 2.20 in 12 months time. In the long-term, the Bulgaria Industrial Production is projected to trend around 3.10 percent in 2021, according to our econometric models.