Press Release 04/07/2013
Industrial activity in the Basque Country fell by 3.4% in May 2013
Compared to the previous month, April 2013, the industrial production of the Basque Country grew by 1.1%
Industrial production of the Basque Country in May 2013 was down by 3.4% compared to the same month of 2012, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, April 2013, the industrial production of the Basque Country rose by 1.1%, once seasonal effects had been corrected.
By sector, and using the classification of the major industrial sectors, the evolution of the index for May 2013 compared to May 2012 shows noticeable differences for all sectors except Energy, which grew by 8.1%. Intermediate Goods were down by 2.9%, Equipment Goods fell by 4.0% and Consumer Goods as a whole fell by 10.8% due to the drops experienced both by Consumer Durables, which were down by 12.9%, and Consumer Non-Durables, which fell by 9.8%.
Month-on-month variation in May 2013 on April 2013 was negative for Intermediate Goods, which registered a decrease of 1.3%, and Consumer Goods as a whole, which fell by 5.2%. This was a consequence of the negative trend both for Consumer Durables, which fell by 3.2%, and Consumer Non-Durables, which were down 6.0%. However, there were positive results for Equipment Goods, with a 1.8% increase, and for Energy, which was up 4.0%.
Three of the largest sectors in Basque industry experienced growth in May 2013 with regards to the same month of the previous year: Machinery & Equipment, which registered a positive rate of 6.8%, Rubber & Plastics which rose by 0.8% and Electricity, Gas & Steam which grew by 0.1%.
On the other hand, the sectors which stood out were Transport Material, which fell by 11.4%, Food, Beverages & Tobacco which fell by 8.2%, Electrical Material & Equipment with a negative rate of 6.4% and Metallurgy & Metal Products, which posted a year-on-year fall of 6.1%.
By province, the May year-on-year performance for the Industrial Production Index was negative in the three provinces, particularly in Álava, where it fell by 4.7%; in Gipuzkoa there was a fall of 3.8% and in Bizkaia, the fall experienced was 2.2%. The month-on-month performance was positive in Álava, where it increased by 2.2% and in Gipuzkoa, where it was up by 1.6%, while there was no change in Bizkaia (0.0%) compared to April 2013.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: email@example.com Tel: 945 01 75 62
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Databank on Industrial Production Index of the Basque Country (IPI)