Bulgaria’s Industrial Production Index Up 2.9% Y/Y in March

In March 2015, the working day adjusted Industrial Production Index increased by 2.9% as compared to March 2014, according to preliminary data of Bulgaria’s National Statistical Institute (NSI).

In March 2015, the Industrial Production Index, seasonally adjusted, decreased by 0.8% on the month.

In March 2015 the seasonally adjusted Industrial Production Index decreased on a monthly basis by 2.4% in the mining and quarrying industry, by 0.6% in manufacturing, and by 0.2% in the electricity, gas, steam and air conditioning supply.

The largest decreases in the sphere of manufacturing were registered in the production of food products by 11.7%, in the production of fabricated metal products, except machinery and equipment by 10.4%, in the production of furniture by 8.4%, in the production of machinery and equipment by 5.9%, in the production of beverages and in the production of basic metals by 5.7%.

Increases were registered in the production of basic pharmaceutical products and pharmaceutical preparations by 12.9%, in the production of paper and paper products by 7.0%, and in the production of electrical equipment by 4.1%.

In March 2015 the working day adjusted Industrial Production Index increased on an annual basis in the mining and quarrying industry by 7.9% and in the manufacturing by 4.1%.

The working day adjusted Industrial Production Index in the electricity, gas, steam and air conditioning supply decreased by 0.6% as compared to March 2014.

In the sphere of manufacturing, the largest annual increases were observed in the production of basic pharmaceutical products and pharmaceutical preparations by 21.3%, in the repair and installation of machinery and equipment by 20.7%, in the production of electrical equipment by 18.4%, in the production of motor vehicles, trailers and semi-trailers by 17.8%, and in the production of other transport equipment by 17.7%.

Decreases were registered in the production of wearing apparel by 14.8%, in the production of textiles by 12.8%, in the production of basic metals by 10.3%, and in the production of beverages by 7.3%.

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