Press Release 06/08/2012
Industrial activity in the Basque Country fell by 3.9% in June 2012
Compared to the previous month, May 2012, the industrial production of the Basque Country grew by 1.1%
Industrial production of the Basque Country in June 2012 was down by 3.9% compared to the same month of 2011 in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, May 2012, the industrial production of the Basque Country rose by 1.1%, once seasonal effects had been corrected.
By sector, and from the classification of the large industrial sectors, the evolution of the index in June 2012 compared to June 2011 reveals an increase in Equipment Goods, which rose by 0.9%, whilst other sectors showed negative values: Energy was down by 9.5%, Intermediate Goods fell by 4.6% and Consumer Goods overall decreased by 6.0%, due to the fall experienced above all by Consumer Durables, which were down by 17.0%, whilst Consumer Non-Durables dropped by 3.0%.
The month-on-month variation for June 2012 on May 2012 was different for each large industrial group. Energy rose by 1.2%, Intermediate Goods registered an increase of 3.1%, Equipment Goods were up by 0.3% and Consumer Goods as a whole grew by 3.2%, as Consumer Non-Durables rose by 5.5% whilst Consumer Durables fell by 5.7%.
The most relevant sectors that experienced growth in the month of June 2012 with regards to the same month of the previous year were Electrical Material & Equipment, which was up by 7.5%, Machinery & Equipment, with an increase of 2.4%, and Transport Material, which rose by 2,0%.
On the other hand, there were decreases in the Plastics & Rubber sector, which posted a year-on-year fall of 14.8%, the Timber, Paper & Graphic Arts sector, which dropped by 12.6%, and the Electricity, Gas & Steam sector, which was down by 11.7%.
By province, the year-on-year performance of the Industrial Production Index for the month of June was negative in the three provinces, falling by 5.2% in Álava, 3.9% in Bizkaia and 3.1% in Gipuzkoa. The month-on-month growth rate was positive in the three provinces: in Bizkaia it was up 1.8%, in Álava 1.4% whilst in Gipuzkoa there was an increase of 0,2 % compared to May 2012.
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel: +34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: email@example.com
Contact: Gerardo Pérez Aja
Tel: +34-945-01 75 06 Fax:+34-945-01 75 01
Further press releases on Industrial Production Index of the Basque Country (IPI).
Databank on Industrial Production Index of the Basque Country (IPI)