Bulgaria Among Top Three EU Countries by Industrial Growth
August 4th, 2008
In May 2008 compared with April 2008, industrial production fell by 1.9% in the euro area and by 1.4% in the European Union (EU). In April production grew by 1.0% and 0.3% respectively.
In May 2008 compared with May 2007, industrial production decreased by 0.6% in the euro area and by 0.5% in the EU.
These data is released by Eurostat, the Statistical Office of the European Communities. It shows that Bulgaria registered industrial growth of 3,3 % in May compared to April and of 8,6% on an annual base.
Among the Member States for which data are available for May 2008, industrial production fell in eighteen and only rose in Ireland (+13.3%), Bulgaria (+3.3%) and Romania (+0.5%). The most significant falls were registered in Lithuania (-7.5%), the Netherlands (-6.0%), Portugal (-5.7%) and Latvia (-5.6%).
In May 2008 compared with May 2007, production of capital goods increased by 2.2% in the euro area and by 1.9% in the EU27.
Among the Member States for which data are available for May 2008, industrial production rose in twelve and fell in nine countries. The highest increases were registered in Ireland (+9.2%), Bulgaria (+8.6%) and Denmark (+7.4%), while the most significant decreases were recorded in Latvia (-8.1%), Estonia (-6.7%) and Greece (-6.6%).
