Bulgaria’s industrial production restarts growth in September

Bulgaria’s industrial production grew by one per cent in September 2011 compared to previous month in which it fell by two per cent. The indicator on a year on year basis fell by 1.5%. The biggest annual increase in output was recorded by investment products such as vehicles, machinery and equipment, followed by mining industry (respectively 14.1% and 7.7%). The strongest fall in the same period was experienced by textile industry (14.3%). When industrial production in August 2011 is compared to a basis year (2005) by Eurostat we notice a rise of 1.3% which is under EU 27 average of 3.2%. When it comes to industrial production Bulgaria is lagging behind the newest members of EU.

Source: Sofiaecho, Eurostat