The Industrial Production Index of the A.C. of the Basque Country
rose 3.4% in October 2002, with regard to the same month the previous year,
according to EUSTAT data. Measured in homogeneous terms of working days, however,
the General Index of Industrial Production remained stable (0.0%), as the month
of October had one working day more than October 2001. With this data, the accumulate
rate for the first ten months of the year obtained a 0.8% increase on the same
period the previous year in aboslute terms.
Quarterly inter-annual growth of the corrected Industrial Production
Index of the A.C. of the Basque Country 1997-2002
In the month of October 2002, the most positive inter-annual
variations corresponded to the sectors of "Electric energy, gas and water"
(12.7%), "Non-metal industry" (10.0%), "Transport material" (9.3%), and "Electric
material" (8.8%), among others.
Among the sectors that showed the most negative inter-annual
rates were "Oil Refining" (-25.3%), "Textiles and clothing" (-19.8%), "Food
industry" (-1.5%) and "Rubber and plastic" (-1.1%), mainly.
Consumer Goods experienceda 1.0% positive evolution, in absolute
terms, in the first ten months of the year, Intermediate Goods rose 0.3% while
Capital Goods accumulated a 2.1% fall on the same period the previous year.
The variations in the General Index of Industrial Production
for October 2002 with regard to the same month last year, were positive in the
three provinces: Álava (5.9%), Bizkaia (3.9%) and Gipuzkoa (1.7%).
In the balance of the first ten months of the year, without
correcting for working days, the provincial performance was quite different.
In Gipuzkoa there was a 1.4% decrease, followed by Bizkaia with a 0.8% fall
and finally Alava which registered a slight 0.4% increase.