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Bulgaria's Industrial Production Index Up 0.9% M/M in Nov 2012

Business | January 14, 2013, Monday // 15:14| Views: 989 | Comments: 0
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Bulgaria: Bulgaria's Industrial Production Index Up 0.9% M/M in Nov 2012

In November 2012 compared with October 2012, seasonally adjusted industrial production fell by 0.3% in both the euro area and the EU27, according to estimates released by Eurostat, the statistical office of the European Union.

In Bulgaria, seasonally adjusted industrial production increased by 0.9% month-on-month in November 2012, compared a decrease of 0.4% in October and of 3.4% in September.

In November 2012, the seasonally adjusted industrial production index in Bulgaria registered its strongest level since June 2012, outpacing the 0.8% month-on-month growth registered in August.

In October, production decreased by 1.0% and 0.8% respectively.

In November 2012 compared with November 2011, industrial production dropped by 3.7% in the euro area and by 3.3% in the EU27.

In November 2012 compared with October 2012, production of energy fell by 1.6% in the euro area and by 0.7% in the EU27.

Non-durable consumer goods decreased by 1.2% in both zones. Production of durable consumer goods declined by 1.1% in the euro area and by 1.4% in the EU27.

Intermediate goods dropped by 0.3% and 0.4%, respectively.

Capital goods grew by 0.7% in the euro area and by 0.5% in the EU27.

Among the Member States for which data are available, industrial production fell in fourteen and rose in seven.

The largest decreases were registered in Slovenia (-4.0%), Portugal (-3.4%) and Spain (-2.5%), and the highest increases in Estonia (+4.7%), Latvia and the Netherlands (both +1.0%).

In November 2012 compared with November 2011, production of durable consumer goods fell by 7.7% in the euro area and by 6.8% in the EU27.

Intermediate goods dropped by 4.8% and 4.3% respectively.

Capital goods decreased by 4.4% in the euro area and by 3.7% in the EU27. Non-durable consumer goods declined by 3.0% and 2.7%, respectively.

Production of energy increased by 0.5% in the euro area, but fell by 0.6% in the EU27.

Among the Member States for which data are available, industrial production fell in sixteen and rose in five.

The largest decreases were registered in Italy (-7.6%), Spain (-7.2%) and Ireland (-6.6%), and the highest increases in Lithuania (+8.9%), Estonia (+6.5%) and Malta (+6.1%).

Meanwhile, in November 2012 compared with October 2012, the seasonally adjusted Industrial Production Index increased by 0.9%, according to preliminary data of the National Statistical Institute (NSI).

In November 2012 compared with November 2011, the working day adjusted Industrial Production Index fell by 2.1%.

In November 2012, the seasonally adjusted Industrial Production Index in the supply of electricity, gas, steam and air conditioning increased by 7.4% on a monthly basis.

In November 2012, the seasonally adjusted Industrial Production Index in the manufacturing sector went up by 7.4% on the month and registered a decrease of 19.2% in the mining and quarrying industry again on a monthly basis.

The most significant increases of production in the manufacturing sector were registered in the manufacturing of basic metals by 11.7%, leather and related products by 10.8%, printing and reproduction of recorded media by 7.7%, wearing apparel by 7.0%, and chemicals and chemical products by 5.0%.

Decreases were registered in the manufacturing of other transport equipment by 25.5%, tobacco products by 12.7%, beverages by 5.2%, and basic pharmaceutical products and preparations by 2.9%.

In November 2012, the working day adjusted Industrial Production Index registered year-on-year decreases of 11.6% in the mining and quarrying industry, of 4.8% in the supply of electricity, gas, steam and air conditioning and of 0.2% in the sector of manufacturing.

In the sector of manufacturing, significant month-on-month decreases were recorded in the manufacturing of tobacco products by 38.9%, other transport equipment by 22.3%, fabricated metal products (except machinery and equipment) by 12.9%, leather and related products by 10.9%, and textiles by 8.6%.

Increases were registered in the production of rubber and plastic products by 19.8%, paper and paper products by 16.8%, and electrical equipment by 9.9%.

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Tags: National Statistical Institute, NSI, eurostat, Industrial Production Index
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