Industrial production in Bulgaria declined 6 percent over a year earlier in July 2020, following a 7.7 percent fall in the previous month. Output dropped less for manufacturing (-5.7 percent from -9.7 percent in June). On the other hand, production of electricity, gas, steam and air conditioning supply decreased further (-9.9 percent from -8.5 percent) and mining and quarrying output fell (-3.1 percent from 14.8 percent). On a seasonally adjusted monthly basis, industrial production went up 2.3 percent, slowing from an upwardly revised 6.1 percent gain in the prior month.
Industrial Production in Bulgaria averaged 2.74 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 September of 2020.
Industrial Production in Bulgaria is expected to be -11.00 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 5.40 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.