Bulgaria Continues to Lead EU Industrial Output Decline
Bulgaria has recorded the largest drop in industrial production within the European Union for the fifth month in a row, according to preliminary data from Eurostat.
Bulgaria Industrial Output Down 0,9% in January y/y
Business | March 10, 2010, Wednesday // 16:18
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A man passes by store window with a banner for a reduction to 50% of the goods in Sofia. Bulgaria, the European Union’s poorest country, is currently going through its first recession in 12 years after a three-year lending boom stalled. Photo by EPA
Industrial production in Bulgaria decreased 0,9% year-on-year in January, compared to the 12,1% fall in the previous month, shows data from the national statistics office.
On a monthly basis, industrial output declined 14,7% in January, after falling 0,7% in December.
Production of electricity,gas,steam and air conditioning supply increased 1,1%, while that of energy products – more than 6%.
Retailer turnover on an annual basis increased up to 12,9% in January after marking a 11% increase a month earlier, which shrinks the turnover total in the trade sector by 19% in comparison with the first month of last year.
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