Bulgaria's industrial production increased 19% year-on-year in March

Bulgaria's industrial production increased 19% year-on-year in March

Bulgaria's industrial production increased 19% year-on-year in March after adding 14.8% in February, the National Statistical Institute (NSI) said on Tuesday, quoting preliminary data.

On a seasonally-adjusted monthly comparison basis, industrial production went up by 5% in March, after increasing by 0.3% in the previous month, NSI said in a monthly report.

The largest annual growth in the index components was registered in beverage production - 44.7%, followed by the output of wood or wood and cork products, except furniture, and the manufacture of computer, electronic and optical products - by 24.0%.

Growth in the output of the electricity, gas, steam and air conditioning supply sector was 51.1%, whereas the mining and quarrying industry's output expanded by an annual 19.4%.

Industrial production, breakdown by sector (pct change):

Mar y/y Mar m/m Feb y/y* Feb m/m* Total 19.0 5.0 14.8 0.3 -mining, quarrying 19.4 6.5 17.4 -4.7 -manufacturing 13.3 1.6 12.1 0.3 -utilities 51.1 18.2 28.5 2.1

*revised data

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