Sun, Nov 22 2009

Industrial output shrinks by 19 per cent in just one month

Tue, Mar 10 2009 12:28 CET byNick Iliev 529 Views
Industrial output shrinks by 19 per cent in just one month

Industrial manufacturing output in Bulgaria shrunk by 19 per cent in January 2009, as opposed to December 2008. The fall was revealed in preliminary data released by the National Statistics Institute (NSI), Dnevnik daily reports.

The figures for Bulgarian industry are mostly contingent on results in the manufacturing sector, which dropped substantially in January by a staggering 21.4 per cent. The main fall is recorded in the production of metal products (excluding machinery and appliances). Metal output decreased by 66.5 per cent, whereas the output of non-metal mineral resources fell by 42.1 per cent.

Appliances and equipment manufacturing in Bulgaria fell by 25.7 percent.

The pharmaceutical sector, on the other hand, defied the trend, recording a 211.2 per cent rise in production. Foodstuff production also rose by 24.8 per cent, and foundries producing metal products registered a 20.6 per cent increase.

Manufacturing in all sectors in January 2009 fell 13.3 per cent on the same month the previous year. Energy production also dropped by 7.6 per cent, whereas capital invstment fell by 35.8 per cent.

Write comment

Name:Comment:

Generate new code
Send your comment
Bulgaria’s industrial production falls again in February

Bulgaria’s industrial output continued to contract in February, falling 17.7 per cent year-on-year, preliminary figures from the statistics board showed.

The Sofia Echo on Bulgaria's tourism industry troubles

A preview of The Sofia Echo March 6 2009 issue

Reduction in VAT and repeal of visas for Russians to boost tourist industry

Reduction in VAT and abolition of the visa regime for Russians and Ukrainians – just some of the measures the Bulgarian Government must consider to keep the country's tourist sector thriving.

EU announces support to fight the crisis in the motor vehicle industry

Better access to credit, clarity on rules on state aid and steps to boost demand for new vehicles

New national programme for stimulating local wine industry launched

Main markets for Bulgarian wine are Russia, Poland and Germany, which receive 80 per cent of the country's wine production

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.