Bulgaria's Industrial Production down by 11% Year-on-Year

Bulgaria’s industrial production declined by 10,8% in November 2009 compared to the same month of 2008.

This is according to preliminary data provided Monday by the National Statistical Institute.

The drop in Bulgaria’s processing industry is 14%, and the production and distribution of electricity, heating power and natural gas is down by 8,1%. In contrast, Bulgaria’s extracting industry registered a growth of 13,5%.

Compared to the values for October 2009, in November 2009 Bulgaria’s composite industrial production index registered a growth of 1,2%. The growth in electricity, heating power, and natural gas production is 13,6% while the extracting industry is down by 3,5%, and the processing industry – by 1,7%.

According to preliminary data, in November 2009 the turnover of the companies in Bulgaria’s industrial sector decreased by 13,2% year-on-year. The decline in the production of electricity, heating power, and natural gas is 18,4%, and in processing industry – 12,8%; at the same time, the extracting industry has registered a growth of 13,3%.

Compared to October 2009, in November, the total turnover of the companies in Bulgaria’s industrial sector grew by 0,7%. The energy sector has seen a turnover growth of 17,2%, while the processing industry is down by 3,7%.

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