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Industrial production in Bulgaria decreased in September

The seasonally adjusted index of industrial production in Bulgaria decreased by 0.2% MoM in September, after the reported increase in August. During the reported period, the production and distribution of electricity, heat and gas decreased by 1.9%, while mining and quarrying remained unchanged. On other hand, the manufacturing industry reported an increase of 0.3%.

The most significant increases in Bulgarian manufacturing was reported in the repair and installation of machinery and equipment, which rose by 15.4%. Also the processing of leather, manufacture of shoes and other articles of leather grew by 13.6%, while manufacture of metal products, except machinery and equipment rose by 13%, production of clothing increased by by 6.3%.

The sharpest decrease was registered in the production of vehicles other than cars, which dropped by 15.1%. The industry of tobacco products decreased by 11.3%, of wood and cork, except furniture dropped by 7.1% and manufacture of motor vehicles, trailers and semi-trailers decreased by 6.6%.

However, on year-on-year basis the adjusted Industrial Production Index in Bulgaria registered an increase of 3.3%. Growth was registered in manufacturing (+4.7%) and in the production and distribution of electricity, heat and gas (+0.5%), while in mining and quarrying registered a decline of 1.9%.

A significant increase in manufacturing compared to the previous year was observed in manufacture of fabricated metal products, except machinery and equipment (+39.9%), repair and installation of machinery and equipment (+21%), manufacture of basic metals (+19.5%) and manufacture of computer, electronic and optical products (+11.4%).

Reduction was reported in production of tobacco products (-23.2%), of vehicles other than cars (-20.2%), medicine substances and products (-16.4%), manufacture of wood and products thereof, without furniture (-14.6%).

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