Bulgaria’s industrial output

Bulgaria’s industrial output

In January, Bulgaria achieved a 16.4% annual increase in seasonally-adjusted industrial output, making the country the fourth best performer on this indicator in the European Union, the bloc's statistical office said on Tuesday.

Industrial production in the 27-member bloc inched up by 0.4% year-on-year on average in the first month of 2022, Eurostat said in a statement on Tuesday.

The top three countries were Lithuania, Austria and Poland, where industrial production grew by 24.7%, 17.3% and 16.6% on the year in January.

Compared with December 2021, Bulgaria's industrial production index in January 2022 increased by 1.9%, behind Romania, Czechia, Poland and Austria.

Eurostat's industrial production index shows the output and activity of industrial sectors excluding construction, based on data adjusted for calendar and seasonal effects, in each country of the European Union as well as in the euro area and the EU as a whole. The index measures changes in the volume of output on a monthly basis and includes the production of intermediate goods, energy, capital goods, durable and non-durable consumer goods.

Here are details of industrial output growth in the EU member states in SEE in January (pct change):

Jan y/y Jan m/m Bulgaria 16.4 1.9 Croatia 3.5 -0.5 Greece -0.2 -4.1 Romania 1.5 2.9 Slovenia 9.9 0.1 EU average 0.4 0.4

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