FX.co ★ Bulgaria Industrial Output Drops Further in January

Industrial production in Bulgaria contracted by 8.6% year-on-year in January 2026, deepening from a 6.7% decline in the previous month. This was the thirteenth consecutive month of falling output, with production decreasing across all major industrial sectors.

In manufacturing, output dropped further (-5.3% vs -1.2% in December), driven primarily by sharp declines in leather and related products (-33.1% vs 1.5%), other non-metallic mineral products (-19.4% vs -10.7%), and other transport equipment (-19.8% vs -15.8%).

Mining and quarrying activity also weakened significantly (-23.2% vs -22.3%), largely due to a steep contraction in metal ore production (-18.1% vs -12.4%). Meanwhile, output in electricity, gas, steam, and air conditioning supply remained firmly in negative territory (-18.6% vs -14.1%).

On a seasonally adjusted monthly basis, industrial production declined by 2.6% in January, following a 0.1% decrease in the previous month and marking the fourth consecutive monthly drop in activity.