Bulgaria's Industry Up, Construction Down Aug 2012 M/M

In August 2012, the work day adjusted data showed an increase of 1.2% in the construction production, compared to the same month of 2011.

According to flash estimates, the seasonally adjusted industrial production index in Bulgaria increased by 1.0% in August 2012 as compared to July 2012.

The preliminary data was released Monday by the Bulgarian National Statistics Institute, NSI.

In August 2012, the work day adjusted industrial production index by 2.0% in comparison with the same month of 2011.

In August 2012, as compared to July 2012, the seasonally adjusted industrial production index in the manufacturing increased by 1.1%, while in the electricity, gas, steam and air conditioning supply and in the mining and quarrying industry a decrease by 0.7% was observed.

The most significant increases of production in the manufacturing were noted in the repair and installation of machinery and equipment - by 22.7%, in the manufacture of fabricated metal products, except machinery and equipment - by 7.5%, in the manufacture of rubber and plastic products - by 6.2%, in the manufacture of machinery and equipment - by 5.7%. There was decrease in the manufacture of tobacco products - by 18.5%, in the manufacture of basic metals - by 13.2%, in the manufacture of basic pharmaceutical products and pharmaceutical preparations - by 11.7%, in the manufacture of paper and paper products - by 6.2%.

On annual basis, in August 2012, the industrial production index, calculated from work day adjusted data in the mining and quarrying industry, increased by 4.5%, in the manufacturing - by 2.5% and in the electricity, gas, steam and air conditioning supply - by 1.3%.

In the manufacturing, the more significant increases compared to the same month of the previous year were seen in the manufacture of machinery and equipment - by 20.6%, in the repair and installation of machinery and equipment - by 17.9%, in the manufacture of electrical equipment - by 13.4%, in the manufacture of basic pharmaceutical products and pharmaceutical preparations - by 8.4%. Decreases were registered in the manufacture of textiles - by 28.8%, in the manufacture of basic metals - by 23.0%, in the manufacture of chemicals and chemical products by - 16.6%.

According to the preliminary data of the NSI, in August 2012, the index of production in the construction sector, calculated on the base of seasonally adjusted data3, was 0.3% below the level of the previous month.

In August 2012, the work day adjusted data showed an increase of 1.2% in the construction production, compared to the same month of 2011.

In August 2012, the construction production was below the level of the previous month. The index of production of civil engineering, calculated from the seasonally adjusted data, increased by 0.2%, while the production of building construction fell by 0.7%.

On an annual basis, in August 2012, the increase of production in construction, calculated from working day adjusted data, was determined mainly from the positive rate in the civil engineering by 7.0%, while in the building construction a decrease by 3.0% was registered.

By preliminary seasonally adjusted data of NSI, in August 2012, the turnover in retail trade, except of motor vehicles and motorcycles, at constant prices kept the level from the previous month.

In August 2012, the work day adjusted turnover in retail trade, except of motor vehicles and motorcycles, improved by 0.9% in comparison with the same month of the previous year.

In August, compared to the previous month the turnover increased in the 'retail sale of textiles, clothing, footwear, and leather goods' - by 1.5% and in the 'retail sale of food, beverages and tobacco' - by 0.4%. At the same time, more significant decline was registered in the 'retail sale via mail order houses or via Internet' - by 4.0% and by 1.5% in the 'dispensing chemist; retail sale of medical and orthopedic goods, cosmetic and toilet articles' and in the 'retail sale of audio and video equipment; hardware, paints and glass; electrical household appliances'.

In August 2012, compared to the same month of 2011, the turnover rose in the 'retail sale via mail order houses or via Internet' - by 5.8%, in the 'retail sale of automotive fuel' - by 5.4%, in the 'dispensing chemist; retail sale of medical and orthopedic goods, cosmetic and toilet articles' - by 4.9%, in the 'retail sale of computers, peripheral units and software; telecommunications equipment' - by 4.5% and in the 'retail sale of food, beverages and tobacco' - by 2.5%. A drop in the turnover was registered in the 'Retail sale of audio and video equipment; hardware, paints and glass; electrical household appliances' - by 11.0%, in the 'retail sale of textiles, clothing, footwear and leather goods' - by 10.0% and in the 'other retail sale in non-specialized stores' - by 6.2%.

Seasonal adjustment is a statistical method, which eliminates the seasonal component of time series and it is particularly suitable for long-term comparisons and analysis of the data.

Work day adjustment is an adjustment for variations in monthly data, caused by calendar effects, different number of calendar and work days in the month, and national holydays - for example the presence of more days off in May could contribute to the decline in the production in some activities.

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