Bulgarian Industry Output Up in June
Bulgaria’s industrial production registered a 3,6% increase in June 2010, which is the biggest increase year-on-year since the beginning of the economic crisis. According to the preliminary data by the Bulgarian National Statistics Institute released Tuesday, the increase, in comparison to May 2010, is 11,6%.
The reasons for the high increase is the growth of the extracting industry by 13,4% and by the manufacturing – by 4,9%. On the other hand, the energy industry (electricity, gas, steam) continues to register declines year-on-year, with a drop by -2,4% in June.
The three industries register growth, in comparison to May 2010, with the highest increase registered by the energy industry – 17,3%. At the same time, even though retail sales, which reflect the domestic consumer demand, have increased by 4,4% on a monthly basis, they registered a drop by 6,8% in June 2010, in comparison to the same month last year.