Industrial production in Bulgaria increased 1.6 percent year-on-year in October 2018, recovering from a downwardly revised 0.4 percent fall in the previous month. Output rose faster for manufacturing (2.6 percent from 1.2 percent in September) and production dropped less for electricity, gas, steam & air conditioning supply (-3.8 percent from -4.7 percent) and mining & quarrying (-6.3 percent from -10.9 percent). On a seasonally adjusted monthly basis, industrial production went up 0.1 percent, following a 0.1 percent decrease in September. Industrial Production in Bulgaria averaged 3.25 percent from 2001 until 2018, 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.
Industrial Production in Bulgaria is expected to be 1.50 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 -0.20 in 12 months time. In the long-term, the Bulgaria Industrial Production is projected to trend around 1.60 percent in 2020, according to our econometric models.