Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends

Society | December 20, 2023, Wednesday // 17:09
Bulgaria: Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends Photo: Stella Ivanova @novinite.com

Recent data from Eurostat unveils a significant downturn in Bulgaria's construction industry, showcasing a more pronounced dip compared to the EU's overall production metrics. The released statistics for October 2023 highlight a 1% decrease in construction production in Bulgaria as opposed to a 0.4% decrease across the EU during the same period.

Interestingly, October 2023 witnessed a marginal recovery within Bulgaria's construction sector, recording a 0.2% uptick in production on a monthly basis. Conversely, the EU reported a contrasting trend, marking a seasonally adjusted 0.6% decline in construction production for October when compared to September, as per Eurostat's initial estimations.

These findings spotlight Bulgaria's construction landscape experiencing a relatively sharper downturn than its EU counterparts, posing challenges amid fluctuating production figures.

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

Society » Be a reporter: Write and send your article
Tags: construction, Bulgaria, EU, trends

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