Bulgaria's Construction Sector: Notable Decline Surpasses EU Trends
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
Bulgaria's seasonally adjusted construction production decreadsed by 1.1% in September 2012, compared with the previous month, according to first estimates released by Eurostat.
Compared with September 2011, the country's construction production fell by 2.8%.
In the construction sector, seasonally adjusted production fell by 1.4% in the euro area (EA17) and by 1.8% in the EU272 in September 2012, compared with the previous month, according to the statistical office of the European Union. In August 20123, production rose by 0.6% and 0.2% respectively.
Compared with September 2011, production in September 2012 dropped by 2.6% in the euro area and by 5.8% in the EU27.
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