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February Producer Prices in Bulgarian Industry up 0.6% M/M


Producer prices in Bulgarian industry rose by 0.6% in February 2023 compared to January 2023. Compared to the previous month, an increase was reported in electricity, gas, steam and air conditioning supply (by 18.4%), in the mining and quarrying industry (by 3.2%), while a decrease by 2.9% was recorded in manufacturing, the National Statistical Institute said Monday.

A decline of 1.8% was observed in the industrial production index in comparison with the same month in 2022. Compared to February 2022, a drop was reported in the mining and quarrying industry (by 10.7%), in electricity, gas, steam and air conditioning supply (by 5.0%), and in manufacturing - by 0.3%.

Producer prices in construction decreased by 0.7% in February 2023 compared to the previous month. The production of building construction fell by 0.8% and the production of civil engineering - by 0.5%.

Compared to February 2022, the index of production in construction went down by 2.9%. A decrease was seen both in civil engineering (by 4.1%) and in building construction (by 2.0%).

In February 2023, the turnover in retail trade, except for motor vehicles and motorcycles which remained at constant prices, decreased by 0.5% compared to the previous month. A decline in turnover was reported in retail sale of non-food products (by 1.8%), while an increase - by 1.2% and 0.7% respectively - was observed in retail sale of automotive fuel in specialised stores and in the retail sale of food, beverages and tobacco.

The calendar-adjusted turnover went up by 4.3% compared to the same month in 2022.

An increase was seen in retail sale of automotive fuel in specialised stores (7.3%), in retail sale of non-food products (except fuel) (4.9%) and the retail sale of food, beverages and tobacco (2.0%).