Bulgaria is once again the leader in the growth of industrial production in the EU
Bulgaria ranks first in the union in terms of industrial production growth, according to the seasonally adjusted data of the European statistical service Eurostat for the month of July.
Thus, since the last country did not top the ranking in May, it again occupies a leadership position compared to the rest of the EU countries. In the previous June, industrial production in our country slowed down the growth rate, but despite this, Bulgaria is again in the top 3 in terms of production growth, leaving behind only Denmark and Ireland.
Industrial production in our country grew by 17.6% on an annual basis in July, after recording an annual increase of 17.7% and 20.5% respectively in the previous June and May.
Bulgaria is followed by Denmark (+12%), Poland (+10.3%), Sweden (+9.8%) and Lithuania (+8.3%).
The largest annual decline in industrial production in the EU in July was observed in Ireland (-23.7%), Estonia, Slovakia (-6.4% each) and Belgium (-5.1%).
In July, industrial production in the EU fell by 0.8% year-on-year, while the decline for the euro area reached 2.4% compared to the same month in 2021.
Bulgaria is the first in the growth of industrial production in the low union, according to the seasonally adjusted data of the European statistical…
On a monthly basis, industrial production in the EU decreased by an average of 1.6% in the direction of the previous June. The Eurozone reports a monthly decline of 2.3%.
Industrial production in Bulgaria increased by 0.9% in July compared to the previous month of June, which does not place it again at the top of the table.
The highest monthly growth was observed in Lithuania (+6.5%), Sweden (+5.8%) and Malta (+4.2%), while the most noticeable decline was recorded in Ireland (-18.9%) ), Estonia (-7.4%) and Austria (-3.2%).
Industrial production in Germany, which is Europe’s largest economy, decreased by 2.9% on a monthly basis and by 1% on an annual basis.
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