Press Release 03/10/2014
Industrial activity in the Basque Country rose by 8.0% in August 2014
Compared to the previous month, the industrial production index of the Basque Country rose by 2.8%
Industrial production of the Basque Country in August 2014 was up by 8.0% compared to the same month of 2013, in homogeneous terms of the working calendar, according to Eustat data. Compared to the previous month, July 2014, the industrial production of the Basque Country rose by 2.8%, once seasonal effects had been corrected.
The evolution of the index in August 2014 compared to August 2013 was different for the main industrial groups. Consumer Goods as a whole decreased by 1.5%, due to the 25.1% downturn experienced by Consumer Durables, whilst Consumer Non-Durables increased by 4.0%. Equipment Goods rose by 15.2%, Intermediate Goods registered a positive variation of 10.5% and Energy rose by 2.3%.
The month-on-month variation in August 2014, compared to July 2014, also registered distinct changes for the main industrial groups. Energy rose by 1.0%, Intermediate Goods were up by 5.5% and Equipment Goods increased by 4.9%. Consumer Goods, for their part, fell by 2.1%, due to the fact that Consumer Durables posted a decrease of 7.0% and Consumer Non-Durables fell by 0.5%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of August 2014 with regards to year-on-year variations were: Transport Material which grew by 42.0%, Metallurgy & Metal Products which was up by 13.0% and Timber, Paper & Graphic Arts with a 12.6% growth.
On the other hand, the only decrease occurred in the Electrical Material & Equipment sector, which posted a year-on-year fall of 9.2%.
By province, the year-on-year performance of the Industrial Production Index for August was positive in the three provinces: in Álava it was up by 18.7%, in Gipuzkoa it grew by 6.8% and in Bizkaia there was an increase of 4.6%. The month-on-month variation rate was positive in Álava, with an increase of 10.9%, and in Bizkaia, with an increase of 1.9%, whilst in Gipuzkoa there was a decrease of 0.7% with respect to July 2014.
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)