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Financial News: Bulgaria Industrial Production Growth Improves Further

Bulgaria Industrial Production Growth Improves Further

10/09/2017 - 08:06:00 (RTTNews)

(RTTNews) - Bulgaria's industrial production growth improved for the second straight month in August, preliminary figures from the National Statistical Institute showed Monday.

Industrial production expanded a working-day-adjusted 4.9 percent year-over-year in August, faster than the 4.6 percent gain in July.

The growth in August was largely driven by a 12.9 percent spike in mining and quarrying output. Manufacturing production logged an increase of 6.4 percent.

On a monthly basis, industrial production increased 0.4 percent from July , when it rose by 0.5 percent.

The agency also revealed that construction output advanced 9.0 percent annually in August and went up 0.9 percent from a month ago.

In an another report, the statistical office announced that retail sales, excluding automobile trade increase at a faster pace of 3.0 percent yearly in August, after a 2.5 percent gain in the preceding month.

Retail sale of food, beverages and tobacco grew 4.5 percent and those of non-food products, except fuel climbed by 8.2 percent.

Month-on-month, retail sales rose 0.4 percent in August, following a 0.5 percent increase in July.

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