Bulgaria: Industrial activity dips in August
Latest reading: Industrial output declined 4.3% in year-on-year terms in August, which was a deterioration from July’s 0.7% increase. August’s figure was largely due to weaker manufacturing production. In contrast, mining activity improved.
On a seasonally adjusted monthly basis, industrial production rose at a faster rate of 0.8% in August (July: +0.6% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 6.1%, up from July’s minus 6.5% reading.