INDUSTRIAL PRODUCTION INDICES IN FEBRUARY
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1 INDUSTRIAL PRODUCTION INDICES IN FEBRUARY In compliance with Regulation (EC) 1165/98 and amendment Regulation (EC) 1158/2005 since January 2018 the base year for Short-term business statistics has been changed. All short-term indicators presented in the form of indices are calculated and published at 2015 as a base year. The time series has been recalculated according to the new base year and they can be downloaded from INFOSTAT information system: According to the preliminary data the Industrial Production Index 2, seasonally adjusted 3, decreased by 1.5% in February 2018 as compared to January In February 2018 working day adjusted 4 Industrial Production Index went down by 1.0% in comparison with the same month of February 2018 data are preliminary. The final data on Industrial Production and Turnover Indices for January 2018 can be found on the NSI website: 2 Monthly Industrial Production and Industrial turnover indices measure changes in production and turnover values of industrial enterprises. This information can be used to access the current economic development and for short-term forecasts. Indices do not measure the actual production level, it aims to measure the average change in value of production between two points of time Indices are compiled on the base of information collected through representative sampling survey on industrial enterprises. The sample covers enterprises with annual turnover more than 97% of total turnover in industry. Industrial production indices are calculated at constant base year that is to say they are weighted with the structure of the value added at factor costs in the base year. 3 Seasonal adjustment is a statistical method, which eliminates the seasonal component of time series. 4 Working day adjustment is an adjustment for variations caused by calendar effects, different number of calendar and working days in the months, national holydays and outliers (for example the presence of more non-working days in May could contribute to the decline in the production in some activities). 1
2 Figure 1. Industrial Production Indices (2015 = 100) 120 % II.2009 VIII.2009 II.2010 VIII.2010 II.2011 VIII.2011 II.2012 VIII.2012 II.2013 VIII.2013 II.2014 VIII.2014 II.2015 VIII.2015 II.2016 VIII.2016 II.2017 VIII.2017 II.2018 Industrial production index - unadjusted Industrial production index -seasonally adjusted Monthly comparisons In February 2018 as compared to January 2018, the seasonally adjusted Industrial Production Index rose in the electricity, gas, steam and air conditioning supply by 1.4%, while the production decreased in the mining and quarrying industry by 4.3% and in the manufacturing by 3.2%. The most significant production decreases in the manufacturing were registered in the manufacture of other non-metallic mineral products by 9.2%, in the manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials by 9.1%, in the printing and reproduction of recorded media by 8.2%, in the manufacture of food products by 7.0%. There were increases in the manufacture of tobacco products by 14.1%, in the manufacture of leather and related products by 8.5%, in the manufacture of other transport equipment by 4.0%. 2
3 Figure 2. Changes of Industrial Production Indices compared to the previous month (Seasonaly adjusted) 5 % II.2016 III.2016 IV.2016 V.2016 VI.2016 VII.2016 VIII.2016 IX.2016 X.2016 XI.2016 XII.2016 I.2017 II.2017 III.2017 IV.2017 V.2017 VI.2017 VII.2017 VIII.2017 IX.2017 X.2017 XI.2017 XII.2017 I.2018 II.2018 Annual comparisons On annual basis in February 2018 Industrial Production Index calculated from working day adjusted data rose in the manufacturing by 1.0%, while the production fell in the mining and quarrying industry by 14.2% and in the electricity, gas, steam and air conditioning supply by 2.3%. In the manufacturing, the more considerable increases compared to the same month of the previous year were registered in the manufacture of other transport equipment by 62.2%, in the manufacture of motor vehicles, trailers and semi-trailers by 15.8%, in the repair and installation of machinery and equipment by 11.5%, in the manufacture of furniture by 10.3%. Decreases were seen in the manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials by 18.7%, in the manufacture of textiles by 10.4%, in the manufacture of chemicals and chemical products by 7.9%, in the printing and reproduction of recorded media by 7.8%. 3
4 Figure 3. Changes of Industrial Production Indices compared to the same month of the previous year (Working day adjusted) 12 % II.2016 III.2016 IV.2016 V.2016 VI.2016 VII.2016 VIII.2016 IX.2016 X.2016 XI.2016 XII.2016 I.2017 II.2017 III.2017 IV.2017 V.2017 VI.2017 VII.2017 VIII.2017 IX.2017 X.2017 XI.2017 XII.2017 I.2018 II
5 Economic activities Annex Changes of Industrial Production Indices compared to the previous month 1,2 NACE.BG Table 1 (Per cent) IX X XI XII I II Industry B_TO_E Mining and quarrying B Mining of coal and lignite B Extraction of crude petroleum and natural gas B Mining of metal ores B Other mining and quarrying B Mining support service activities B Manufacturing C Manufacture of food products C Manufacture of beverages C Manufacture of tobacco products C Manufacture of textiles C Manufacture of wearing apparel C Manufacture of leather and related products C Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials C Manufacture of paper and paper products C Printing and reproduction of recorded media C Manufacture of coke and refined petroleum products C Manufacture of chemicals and chemical products C Manufacture of basic pharmaceutical products and pharmaceutical preparations C Manufacture of rubber and plastic products C Manufacture of other non-metallic mineral products C Manufacture of basic metals C Manufacture of fabricated metal products, except machinery and equipment C Manufacture of computer, electronic and optical products C Manufacture of electrical equipment C Manufacture of machinery and equipment n.e.c. C Manufacture of motor vehicles, trailers and semitrailers C Manufacture of other transport equipment C Manufacture of furniture C Other manufacturing C Repair and installation of machinery and equipment C Electricity, gas, steam and air conditioning supply D Electricity, gas, steam and air conditioning supply D Seasonally adjusted Confidential data. 5
6 Table 2 Changes of Industrial Production Indices compared to the same month of the previous year 1,2 Economic activities NACE.BG (Per cent) IX X XI XII I II Industry B_TO_E Mining and quarrying B Mining of coal and lignite B Extraction of crude petroleum and natural gas B Mining of metal ores B Other mining and quarrying B Mining support service activities B Manufacturing C Manufacture of food products C Manufacture of beverages C Manufacture of tobacco products C Manufacture of textiles C Manufacture of wearing apparel C Manufacture of leather and related products C Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials C Manufacture of paper and paper products C Printing and reproduction of recorded media C Manufacture of coke and refined petroleum products C Manufacture of chemicals and chemical products C Manufacture of basic pharmaceutical products and pharmaceutical preparations C Manufacture of rubber and plastic products C Manufacture of other non-metallic mineral products C Manufacture of basic metals C Manufacture of fabricated metal products, except machinery and equipment C Manufacture of computer, electronic and optical products C Manufacture of electrical equipment C Manufacture of machinery and equipment n.e.c. C Manufacture of motor vehicles, trailers and semitrailers C Manufacture of other transport equipment C Manufacture of furniture C Other manufacturing C Repair and installation of machinery and equipment C Electricity, gas, steam and air conditioning supply D Electricity, gas, steam and air conditioning supply D Working day adjusted Confidential data. 6
7 NACE.BG Industrial Production Indices 1 (Seasonally adjusted, 2015 = 100) Table 3 II III IV V VI VІІ VІІІ ІX X XI XII I II B_TO_E B B B B B B C C C C C C C C C C C C C C C C C C C C C C C C C D D Confidential data. 7
8 Industrial Production Indices 1 (Working day adjusted, 2015 = 100) Table 4 NACE.BG II II II III IV V VI VІІ VIIІ ІX X XI XII I II B_TO_E B B B B B B C C C C C C C C C C C C C C C C C C C C C C C C C D D Confidential data. 8
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