Press Release 04/10/2012
Industrial activity in the Basque Country fell by 4.5% in August 2012
Compared to the previous month, July 2012, the industrial production of the Basque Country grew by 4.1%
Industrial production of the Basque Country in August 2012 was down by 4.5% compared to the same month of 2011 in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, July 2012, the industrial production of the Basque Country rose by 4.1%, once seasonal effects had been corrected.
By sector, and from the classification of the large industrial sectors, the evolution of the index in August 2012 compared to August 2011 reveals a decrease in Equipment Goods, which fell by 8.2%, Energy, which was down by 6.1% and Intermediate Goods, which fell by 4.1%, but Consumer Goods overall were up by 2.3%, due to the increase experienced above all by Consumer Durables, which rose by 27.4%, with Consumer Non-Durables dropping by 1.3%.
The month-on-month variation in August 2012, compared to July 2012, was also positive for the main industrial groups. Energy rose by 2.1%, Equipment Goods registered an increase of 2.8%, Intermediate Goods were up by 4.6% and Consumer Goods as a whole grew by 11.4%, as Consumer Durables rose by 24.6% whilst Consumer Non-Durables rose by 7.7%.
Amongst the most important sectors that experienced growth in August 2012 with regards to the same month of the previous year, special mention should be made of Electrical Material & Equipment, up 18.0% and Food, Beverages & Tobacco which increased by 9.5%.
Conversely, there were drops in the Transport Material sector which fell by 11.5%, in the Metallurgy & Metal products sector which decreased by 10.4% and the Plastics & Rubber sector, which posted a year-on-year fall of 10.2%
By province, the year-on-year performance of the Industrial Production Index for the month of August was negative in the three provinces, falling by 10.1% in Álava, 4.3% in Gipuzkoa and 2.5% in Bizkaia. The month-on-month growth rate was positive in the three provinces: in Bizkaia it was up 6.5%, in Álava it was up by 2.9% and in Gipuzkoa there was an increase of 2.4% compared to July 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)