Industrial production in Bulgaria fell 3.4 percent year-on-year in February of 2021, following a downwardly revised 3.2 percent drop in the previous month, and marking the 16th consecutive month of declines. This period’s contraction was mainly driven by faster output decreases in the manufacturing sector (-4.6 percent vs -2.3 percent in January) and in electricity, gas, steam and air conditioning supply (-4 percent vs -1.7 percent). Meanwhile, mining & quarrying production showed no growth, after plunging 17.5 percent. On a seasonally adjusted monthly basis, industrial production was flat, following an upwardly revised increase of 1 percent in the month prior. source: National Statistical Institute, Bulgaria
Industrial Production in Bulgaria averaged 2.55 percent from 2001 until 2021, 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 May of 2021.
Industrial Production in Bulgaria is expected to be 7.50 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 5.30 in 12 months time. In the long-term, the Bulgaria Industrial Production is projected to trend around 5.30 percent in 2022 and 3.10 percent in 2023, according to our econometric models.