Bulgaria March Industrial Index Up for 1st Time since September

Business » INDUSTRY | May 10, 2010, Monday // 12:24
Bulgaria March Industrial Index up for 1st Time since September: Bulgaria March Industrial Index Up for 1st Time since September In March, industrial production in Bulgaria came out of the trend of steady decline for the first time since September 2009. Photo by BGNES

In March 2010, Bulgaria's industrial production is up 1.7% year on year, data published Monday by the National Statistics Institute (NSI) shows.

This is the first increase (1.7%) of the index since September 2009, when the increase was 2.7%. (In October 2009, the industrial index slumped 16.1% year on year, in November – 10.8%, December - 12.1%, January – 0.9% and February – 9.1%.

In the manufacturing industry the production is up 6.3%; mining is up nearly 5% while production and distribution of electric power is down nearly 10%.

The production of energy products registers a 9% decrease, the one of products for intermediate consumption is up 5.5%; and investment products are up 17.5%.

Compared to February 2010, in March industrial production is up 21%, with a 3% decrease in the production and distribution of electric power, 35% increase in the manufacturing industry and an increase of 7% in the mining industry.

NSI registers an increase of nearly 100% in the production of tobacco products, 67% - in the production of beverages, 38% in the production of chemicals. From all sectors of the manufacturing industry, only the production of shoes and the processing of leather are down 11%.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Industry » Be a reporter: Write and send your article
Tags: NSI, industrial production, industrial index

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria