Industrial production in Bulgaria slid 15.7 percent year-on-year in April of 2020, following a downwardly revised 6.8 percent fall in the previous month. It was the biggest decline in industrial activity since September of 2009, as output dropped faster for both manufacturing (-18.5 percent vs -9.7 percent in March) and electricity, gas, steam & air conditioning supply (-10.9 percent vs -0.4 percent). Also, mining & quarrying production slowed (9.3 percent vs 12.2 percent). On a seasonally adjusted monthly basis, industrial production decreased 11.4 percent, after a 5 percent drop in March.
Industrial Production in Bulgaria averaged 2.90 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 July of 2020.
Industrial Production in Bulgaria is expected to be -16.50 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 6.80 percent in 2021 and 3.10 percent in 2022, according to our econometric models.