FX.co ★ Bulgaria Industrial Output Continues to Fall

Bulgaria’s industrial production decreased by 6.7% year-on-year in December 2025, following a downwardly revised 9% drop in November and extending a full year of contraction. Manufacturing output also declined, but at a slower rate (-1.4% vs. -4.3% in November), largely due to pronounced falls in the production of food products (-10.4% vs. -8.9%), textiles (-12.3% vs. -0.6%), wood products (-11.4% vs. -13.6%), and paper and paper products (-15.8% vs. -23.3%).

Activity in mining and quarrying recorded a particularly sharp downturn (-22.3% vs. 12.5%), reflecting steep contractions in coal and lignite output (-74.3% vs. -51.6%) and metal ores (-12.4% vs. 27.2%). Meanwhile, production in the electricity, gas, steam, and air conditioning supply sector remained in negative territory, though the rate of decline eased (-14.1% vs. -43.4%).

On a seasonally adjusted monthly basis, industrial output rose by 0.3% in December, halting two consecutive months of declines of 1.4% in November and 2.4% in October.