Industrial Production Index Decreased by 2.3%

Business | February 8, 2019, Friday // 14:30| Views: | Comments: 0
Bulgaria: Industrial Production Index Decreased by 2.3% pixabay.com

According to the preliminary data the Industrial Production Index, seasonally adjusted , decreased by 2.3% in December 2018 as compared to November 2018, reported the National Statistical Institute.  In December 2018 the working day adjusted Industrial Production Index fall by 3.8% in comparison with the same month of 2017.

In December 2018 as compared to November 2018, the seasonally adjusted Industrial Production Index decreased in the manufacturing by 2.7%, while the production rose in the mining and quarrying industry by 1.2%, and in the electricity, gas, steam and air conditioning supply by 0.9%.

The most significant production decreases in the manufacturing were registered in the manufacture of motor vehicles, trailers and semi-trailers by 25.4%, in the manufacture of fabricated metal products, except machinery and equipment by 25.0%, in the manufacture of other transport equipment by 24.5%, in the manufacture of beverages by 9.0%. There were increases in the manufacture of tobacco products by 9.3%, in the manufacture of chemicals and chemical products by 9.2%, in the manufacture of basic metals by 5.9%.

On annual basis in December 2018 Industrial Production Index calculated from working day adjusted data went down in the manufacturing by 4.4%, and in the electricity, gas, steam and air conditioning supply by 3.6%, while in the mining and quarrying industry the production remained at the level of December 2017.

In the manufacturing, the more considerable decreases compared to the same month of the previous year were registered in the manufacture of fabricated metal products, except machinery and equipment by 25.5%, in the manufacture of wearing apparel by 15.4%, in the manufacture of leather and related products by 15.0%, in the manufacture of motor vehicles, trailers and semi-trailers by 14.2%. Increases were seen in the manufacture of tobacco products by 33.8%, in the manufacture of other transport equipment by 22.0%, in the manufacture of rubber and plastic products by 12.6%, in the manufacture of basic pharmaceutical products and pharmaceutical preparations by 10.2%.

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Tags: manufacture of motor vehicles, industrial index, Bulgaria, National Statistical Institute (NSI)
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