Press release 04/10/2004

INDUSTRIAL PRODUCTION INDEX (IPI) AUGUST 2004


Industrial activity in the A.C. of the Basque Country grew by 6.9% in August 2004


The first eight months of 2004 saw accumulated growth of 4.8% in relation to the same period last year.


The inter-annual rate for industrial production in the A.C. of the Basque Country rose by 6.9% in August 2004, according to EUSTAT data. In homogenous terms, corrected for calendar effects, the inter-annual variation was 1.7%. Accumulated growth for the first eight months of the year came to 4.8% in absolute terms and 3.3% in homogenous terms.


The most positive inter-annual variations, in absolute terms, for August 2004 corresponded to the sectors of "Electric material" (22.8%), "Electric energy, gas and water" (21.4%), "Timber industry" (17.2%), "Non-metal industry" (13.5%) and "Rubber and plastic" (12.8%). On the other hand, the sectors to undergo negative inter-annual rates were "Leather and footwear industry" (-42.5%), "Transport material" (-20.5%), "Food industry" (-13.6%), "Textiles and clothing" (-1.0%) and "Oil refining" (-0.1%).


For the first eight months as a whole, compared to the same period of 2003, the highest accumulated growth rates corresponded to "Electric energy, gas and water" (23.9%), "Oil refining" (15.7%), "Electric material" (9.8%), "Rubber and plastic" (6.3%) and "Transport material" (4.7%). Negative rates only affected the sectors of "Leather and footwear industry" (-20.3%), "Metal and non-metal minerals" (-11.0%), "Non-metal industry" (-9.9%), "Other manufactured" (-6.6%) and "Food industry" (-0.7%).


According to the classification of goods by economic destination, August 2004 saw the inter-annual rates rise for Energy (13.7%) and Intermediate Goods (12.6%), while Capital Goods fell by 2.8% and Consumer Goods did so by 4.1% due to the decrease experienced by Consumer Non-durable Goods (-5.2%), despite the growth for Consumer Durable Goods (1.3%).


Discounting calendar effects, the inter-annual rate for Energy grew by 10.9% and Intermediate Goods also increased by 6.8%. Capital Goods, on the other hand, registered an 8.3% decrease, while Consumer Goods fell by 7.6%, with an 8.2% fall for Consumer Non-durable Goods and one of 4.9% for Consumer Durable Goods.


For the first eight months of the year as a whole, the Energy branch accumulated 21.5% growth in absolute terms, 3.9% for Intermediate Goods while Capital Goods increased by 3.1% and Consumer Goods by 0.3%, where the share between Durable and Non-durable was –1.6% and 1.2% respectively.


By province, inter-annual evolution of the General Index showed differing patterns, growing, in absolute terms by 9.8% in Bizkaia, 4.2% in Alava and 4.0% in Gipuzkoa. For the first eight months of 2004 as a whole, the highest accumulated growth rate corresponded to Alava with 8.5%; second came Bizkaia with 4.6% and lastly, Gipuzkoa obtained growth of 2.8%.







For further information:

Euskal Estatistika-Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Gerardo Pérez Aja
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
Press releases on the Internet: www.eustat.es
Data bank: www.eustat.eus/bancopx/spanish/indice.aspx

Inglés
Product data
Product data

Industrial activity in the A.C. of the Basque Country grew by 6.9% in August 2004

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
AGOSTO DE 2004
Last updated : 
10/04/2004
Next update : 
05/08/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0002665_i.html
Body responsible : 

Your feedback.  Help us to make our web better

How would you rate the information on the site?
Very useful
Useful
Barely useful
Not useful at all
Would you like to make a suggestion?
Yes, I would
Send