Bulgaria's industrial orders grew second-fastest in EU in May

Bulgaria's industrial orders grew second-fastest in EU in May

Bulgaria's industrial orders grew by 42.9 per cent year-on-year in May 2011, which was the second largest annual increase in the European Union (EU) in the period, Eurostat data showed.In monthly terms, the country's industrial orders advanced 14.1 per cent in the period.Estonia was the sole country to perform better than Bulgaria in May, registering an annual increase in orders of 62.1 per cent.Lithuania came third with a rise of 22.6 per cent, followed by Portugal and France with a growth of 21 per cent each.The lowest annual increase in industrial orders was recorded by Denmark, of 0.8 per cent, Ireland (3.4 per cent) and Hungary (4.3 per cent).Debt-ridden Greece observed an increase of 8.4 per cent, while Germany, the main driver of Europe's economy, registered a rise of 15.7 per cent.The average increase in the eurozone was 3.6 per cent in annual terms, while industrial output in the EU countries went up 2.5 per cent. (Source: The Sofia Echo)

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