Press Release 12/04/2012
Industrial activity in the Basque Country fell by 7.1% in October 2012
Compared to the previous month, September 2012, the industrial production of the Basque Country grew by 0.1%.
Industrial production of the Basque Country in October 2012 was down by 7.1% compared to the same month of 2011 in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, September 2012, the industrial production of the Basque Country rose by 0.1%, once seasonal effects had been corrected.
By sector, and from the classification of the large industrial sectors, the evolution of the index in October 2012 compared to October 2011 reveals that Energy increased by 6.5%, Equipment Goods were down by 8.9%, Intermediate Goods fell by 8.5% and Consumer Goods overall were down by 5.5%, due to the drop experienced above all by Consumer Non-Durables, which fell by 8.5%, whilst Consumer Durables were up by 5.9%.
The month-on-month variation in October 2012, compared to September 2012, registered distinct changes for the main industrial groups. Equipment Goods registered a decrease of 0.3% and Intermediate Goods were down by 0.4%, but Energy increased by 6.7% and Consumer Goods as a whole grew by 0.4%, with Consumer Durables up by 7.2% and Consumer Non-Durables down by 1.3%.
All relevant sectors posted decreases in the month of October 2012 with regards to the same month of the previous year. Special mention should be made of Plastics & Rubber, down 15.4%, Electrical Material & Equipment, which posted a year-on-year fall of 12.5% and Transport Material, which fell by 11.3%
By province, the year-on-year performance of the Industrial Production Index for the month of October was negative in the three provinces, falling by 11.0% in Álava, 7.8% in Gipuzkoa and 4.1% in Bizkaia. The month-on-month rate was positive in Bizkaia where it increased by 3.2%, whilst in Álava it was down by 1.8% and in Gipuzkoa it dropped by 1.9% with regards to September 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: firstname.lastname@example.org
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)