Bulgarian industrial production growth picks up in March


Bulgarian industrial production growth accelerated in March, largely driven by strong output in the utilities sector, provisional figures from the National Institute of Statistics (INS) showed on Tuesday.

Industrial production jumped 19% year-on-year in March, after rising 14.8% in February. The production of electricity supply, gas, steam and air conditioning rose sharply by 51.1% and the production of manufacturing industry increased by 13.3%.

The mining and quarrying sector recorded a 19.4% growth in production. On a month-to-month basis, industrial production rose 5.0% in March, well above the 0.3% gain the previous month.

A separate report from the Sofia-based statistics institute showed construction output in Bulgaria rose 1.6% a year in March, following a 3.7% increase in February.

On a seasonally adjusted monthly comparison basis, production in the construction sector continued to decline, falling slightly by 0.4%, after falling 0.7% in February.


Producing decent journalism is an expensive business. For 27 years, the editors, editors and reporters of Budapest Business Journal have strived to bring you business news that works, information you can trust, that is factual, accurate and presented without fear or favour.

News organizations around the world are struggling to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of ​​involving their most important stakeholders, their readers.

We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support the BBJ button and you’ll be able to choose how much and how often you send us your contributions.


About Author

Comments are closed.