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Bulgaria's Industrial, Construction Output Falls In December

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Bulgaria's industrial production decreased 12.1% year-on-year in December, the National Statistical Institute Wednesday.

Manufacturing output fell 14.3%, production of electricity, gas, steam and air conditioning supply dropped 12%, while mining and quarrying production grew 13.6%. Production of investment goods decreased 19.4% and that of intermediate goods fell 16.8%.

On a monthly basis, industrial production declined 0.7% in December. In the same month, industrial turnover decreased 9.8% year-on-year, but grew 5.8% on a monthly basis.

In a separate report, the statistical office said construction production fell 13.6% month-on-month in December due to declines in building construction and civil engineering. Compared to the previous year, construction output plunged 33.3%.

In the period during January to December, construction production fell 15.3% over the same period a year ago.

(Market News Provided by RTTNews)

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