Press Release 02/07/2008

INDUSTRIAL PRODUCTION INDEX (IPI) MAY 2008


Industrial Activity in the A.C of the Basque Country fell 1.4% in May of 2008


Accumulated growth of 1% over the first five months of 2008


Industrial production in the A. C of the Basque Country fell 1.4% in May 2008 compared with the same month of 2007, in homogenous terms of the working calendar, according to Eustat data.


Compared to the previous month, April 2008, industrial production in the Basque Country fell 2.6%, once corrected for seasonal effects.


The balance of the first five months of 2008 closed with a 1% increase in accumulated growth in the Industrial Production Index with respect to the first five months of the previous year. If evolution of the index is analysed, a recovery of industrial activity in this second quarter can be observed (+1.8%) when compared to the data observed from the first quarter (+0.7%).


Graph 1: Inter-annual quarterly growth of the corrected Industrial Production Index of the A.C. of the Basque Country


II (*) Inter-annual growth corrected for April-May 2008


Source: Eustat


Sector evolution


By sector, and using the classification of the major industrial sectors, the evolution of the May 2008 index with respect to May 2007 declined in all sectors, except Energy which went up by 5.6%. Capital Goods fell 1.3%, Intermediate Goods by 0.6%, and Consumer Goods went down by 9.9% as a result of the fall of Consumer Durable Goods (-17.9%) and Non-Durable Consumer Goods (-6.4%).


Inter-monthly variations in May 2008, compared with April 2008, were negative for all major industrial sectors except for Energy which rose by 0.2%. Capital Goods fell 3.5%, Intermediate Goods by 1.2%, and Consumer Goods went down by 6.3% as a result of the fall of Consumer Durable Goods (-13.4%) and Non-Durable Consumer Goods (-3.3%).


Evolution by province


Inter-annual evolutions of the Industrial Production Index were negative in all three provinces: Álava and Bizkaia fell 2% in both cases in Gipuzkoa went down 0.5%.


Inter-monthly evolution, May 2008 compared with April 2008, was negative in all three provinces, dropping 3.6% in Álava, 2.7% in Gipuzkoa and by 1.9% in Bizkaia in this same period.



Table 1: MAY 2008. Variation rates (%) of the Industrial Production Index of the A.C. of the Basque Country.



(1) Inter-annual variation rate of the accumulated period from January until the last month of year t compared with the same period of year t-1

Source: Eustat






For more information:

Euskal Estatistika-Erakundea / Instituto Vasco de Estadística/Basque Statistic Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf: +34-945-01 75 00 Fax: +34-945-01 75 01 E-mail: eustat@eustat.es
Contact person: Gerardo Pérez Aja
Tlf:+34-945-01 75 06 Fax:+34-945-01 75 01
Press Release on the web: www.eustat.es
Data base: www.eustat.eus/bancopx/spanish/indice.aspx

Inglés
Product data
Product data

Industrial Activity in the A.C of the Basque Country fell 1.4% in May of 2008

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
MAYO DE 2008
Last updated : 
07/02/2008
Next update : 
05/08/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0004663_i.html
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