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Bulgarian industrial production up 3.6% year-on-year in June

Wednesday, Aug 11, 2010

Bulgarian industrial production marked a 3.6 per cent year-on-year increase in June 2010, the largest improvement annual increase since the beginning of the global economic crisis, National Statistics Institute (NSI) data showed on August 10.

On a monthly basis, industrial production rose by a staggerring 11.6 per cent, the NSI said.

The mining industry has increased by 13.4 per cent, while manufacturing was up 4.9 per cent, leading the strong recovery of the industry sector, the report said. The energy sector continued to decline on an annual basis, down by 2.4 per cent in June.

Retail sales, which reflect on the domestic consumer demand, increased by 4.4 per cent month-on-month, but were 6.8 per cent down compared to June 2009.

The construction sector remains the one segment of the industry still reeling from the crisis and continues to suffer, dropping by 17.5 per cent compared to the same month of 2009. Real estate construction was the main culprit, declining by 26.2 per cent on an annual basis, while infrastructure construction was down only 1.4 per cent.

Source: thesofiaecho.com