Press Release 07/05/2014

INDUSTRIAL PRODUCTION INDEX OF THE BASQUE COUNTRY (IPI) MARCH 2014

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Industrial activity in the Basque Country fell by 1.5% in March 2014

Compared to the previous month, the industrial production index of the Basque Country fell by 0.9%

Industrial production of the Basque Country in March 2014 was down by 1.5% compared to the same month of 2013, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, February 2014, the industrial production of the Basque Country fell by 0.9%, once seasonal effects had been corrected.

The evolution of the index in March 2014 compared to March 2013 was different for the main industrial groups. Capital Goods rose by 1.9% and Intermediate Goods did so by 1.3%. Energy, however, fell by 6.8% and Consumer Goods as a whole fell by 10.0%, due above all to the downturn in Consumer Durables, that were down 29.5%, and in Consumer Non-durables that also fell, although to a much lesser degree (-0.6%).

The month-on-month variation in March 2014, compared to March 2014, also registered distinct changes for the main industrial groups. Capital Goods registered an increase of 0.9% and Energy rose by 1.4%. Intermediate Goods fell by 0.8% and Consumer Goods as a whole fell by 3.3%, due to the fact that Consumer Durables were down by 8.1% and Consumer Non-durables, by 1.5%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of March 2014 with regards to year-on-year variations were: Transport Material with a rise of 8.2%, and Metallurgy & Metal Products which grew by 1.6%.

Table 1. Industrial Production in the Basque Country. Key Sectors. Year-on-year variation rates.  A-38 Sectorisation. Provisional Data	
Source: Eustat. Industrial Production in the Basque Country

On the other hand, the largest decreases were produced in theElectrical Material & Equipment sector, which posted a year-on-year drop of 18.6%, Electricity, Gas & Steam, which fell by 9.2%, and the Plastics & Rubber sector, which registered a fall of 5.2%.

By province, year-on-year performance of the Industrial Production Index for the month of March showed positive results in Álava, where it increased by 1.2%; however, it fell by 2.4% in Bizkaia and by 2.1% in Gipuzkoa. The month-on-month variation rate, however, was positive in Bizkaia, with an increase of 1.7%, but negative in Gipuzkoa, with a decrease of 3.2%, and in Álava where it fell by 1.0% with respect to February 2014.

Table 2. Industrial Production in the Basque Country. Variation rate. March 2014. Provisional data				
Source: Eustat. Industrial Production Index of the Basque Country (IPI)

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62 Further press releases on Industrial Production Index of the Basque Country (IPI) Databank on Industrial Production Index of the Basque Country (IPI)

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Industrial activity in the Basque Country fell by 1.5% in March 2014

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
MARZO DE 2014
Last updated : 
05/07/2014
Next update : 
07/04/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0011632_i.html
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