Bulgaria Industrial Production Down by 13%

Business | October 9, 2008, Thursday // 00:00

The total industrial production in Bulgaria went down by 13,1% in August 2008 compared to the previous month, according to data published by the National Statistics Institute.

The most significant decreases are registered in the production of metals - 30,8%, production of metal items, excluding machinery, equipment, and appliances - 18,5%, production of chemical products - 15,8%.

In one year the total industrial production has decreased by 6,2% based on comparison between August of 2007 and 2008. The production in the manufacturing sector has decreased by 6,3% in one year, the mining industry registers a 3,7% decrease, while the production and the distribution of water, gas and electric power is down by 7,5%.

Sales revenues also show significant reductions - 13,3% less in August 2008, compared to July. The manufacturing industry has gone down in revenues from sales by 14,9%, the mining is down by 5,8%, however, the sales revenues from the production and the distribution of water, gas and electric power are up by 1,4%.

In August 2008 the sales revenues are 5,8% smaller than those of August 2007.

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

Business » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!
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