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Bulgaria January Industrial Production Falls

Bulgaria's industrial production in January declined from a year ago, data from the National Statistical Institute showed Wednesday.

Industrial production decreased a working-day adjusted 3.6 percent annually in January, after edging up 0.1 percent in December. It is the first decline since April 2010 and the biggest fall since February that year, when output declined 9.9 percent.

Production in the manufacturing sector dropped for the third month in a row. Factory output declined 4.1 percent on a yearly basis, while mining and quarrying production rose 0.8 percent in January.

Month-on-month, industrial production decreased a seasonally adjusted 0.6 percent in January, after falling 1.0 percent in December. Industrial production declined for the third consecutive month in January.

by RTTNews Staff Writer

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