Press Release 09/09/2014

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

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Industrial activity in the Basque Country rose by 1.6% in July 2014

Compared to the previous month, the industrial production index of the Basque Country rose by 1.3%

Industrial production of the Basque Country in July 2014 was up by 1.6% compared to the same month of 2013, in homogeneous terms of the working calendar, according to Eustat data. Compared to the previous month, June 2014, the industrial production of the Basque Country rose by 1.3%, once seasonal effects had been corrected.

The evolution of the index in July 2014 compared to July 2013 was different for the main industrial groups. Consumer Goods as a whole showed no noticeable change (0.0%), due to the 15.7% downturn experienced by Consumer Durables, which was compensated by the 7.7% rise in Consumer Non-Durables. Equipment Goods fell by 1.0%, whereas Intermediate Goods registered a positive variation of 4.1% and Energy rose by 0.9%.

The month-on-month variation in July 2014, compared to June 2014, also registered distinct changes for the main industrial groups. Energy fell by 2.7%, Intermediate Goods increased by 2.8%, Equipment Goods rose by 2.3% and Consumer Goods rose by the same amount (2.3%) due to the fact that Consumer Durables were up by 3.1%, and Consumer Non-Durables, by 2.1%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of July 2014 with regards to year-on-year variations were: Timber, Paper & Graphic Arts, which grew by 8.1%, Food, Beverages & Tobacco, with +5.4%, Machinery & Equipment, +4.3%, and Metallurgy & Metal Products, +4.2%.

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 sharpest falls occurred in the sectors Electrical Material & Equipment, which posted a year-on-year fall of 12.7%, and Transport Material, which decreased by 10.6%.

By province, the year-on-year evolution of the Industrial Production Index for the month of July was positive in Bizkaia, where it rose by 2.5% and in Gipuzkoa, where it was up by 3.8%, but in Álava there was a decrease of 4.3%, affected by the performance of the Transport Material sector, which contracted by 34.2. The month-on-month variation rate was positive in Gipuzkoa, with an increase of 3.1%, and in Álava, with an increase of 0.3%, whilst in Bizkaia there was no variation (0.0%) with respect to June 2014.

Table 2. Industrial Production in the Basque Country. Variation rate. July 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 rose by 1.6% in July 2014

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
JULIO 2014
Last updated : 
09/09/2014
Next update : 
07/04/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0011934_i.html
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