Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends

Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics. The released statistics for October 2023 highlight a 1% decrease in construction production in Bulgaria as opposed to a 0.4% decrease across the EU during the same period.

Interestingly, October 2023 witnessed a marginal recovery within Bulgaria's construction sector, recording a 0.2% uptick in production on a monthly basis. Conversely, the EU reported a contrasting trend, marking a seasonally adjusted 0.6% decline in construction production for October when compared to September, as per Eurostat's initial estimations.

These findings spotlight Bulgaria's construction landscape experiencing a relatively sharper downturn than its EU counterparts, posing challenges amid fluctuating production figures.

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