Bulgaria factory output shrinks in January

Automotive

Bulgaria’s industrial production edged down 0.7% year-on-year in January, compared to an annual drop of 1.3% in the previous month, the country’s National Statistical Institute (NSI) said on March 10, citing preliminary data.

This was the third consecutive month of a downturn in industrial activity, as output shrank for mining and quarrying by 11.7%, fell by mining of coal and lignite by 37.2% and electricity, gas, steam and air conditioning supply by 7.2%. In contrast, manufacturing activity rose 2.1%.

On a seasonally adjusted monthly basis, industrial production advanced 1.6%, after a downwardly revised 1.7% decline in the preceding month.

In a separate statement, the statistics agency said that construction output in Bulgaria rose 1.7% year-on-year in January of 2020, following a revised 1.8% increase in the prior month.

On a seasonally adjusted monthly basis, construction output went up 0.8%, after a revised 0.4% increase in the previous month the NSI said.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.