Bulgaria's industrial output shrinks 4.8% in June

Bulgaria's industrial production continues its downward trend, contracting by 4.8% on an annual basis in June. Data released by the National Statistical Institute (NSI) reveals a slowdown in the rate of decline compared to earlier in the year, offering a slight indication of stabilization.

The mining industry experienced the most significant contraction, plummeting by 33%. The manufacturing sector also contributed to the overall downturn, registering a 3.9% decrease in output. However, the NSI report noted a contrasting increase in production within certain sub-sectors, though these gains were not enough to offset the broader negative trend.

Despite the overall contraction, the moderated pace of the decline suggests that the sharpest falls may be behind the Bulgarian industrial sector. The NSI's figures provide a key indicator of the country's economic health, with the mining and manufacturing sectors playing a crucial role.