Press Release 06/11/2014
Industrial activity in the Basque Country rose by 1.0% in September 2014
Compared to the previous month, the industrial production index of the Basque Country fell by 3.5%
Industrial production of the Basque Country in September 2014 was up by 1.0% compared to the same month of 2013, in homogeneous terms of the working calendar, according to Eustat data. Compared to the previous month, August 2014, the industrial production of the Basque Country fell by 3.5%, once seasonal effects had been corrected.
The evolution of the index in September 2014 compared to September 2013 was different for the main industrial groups. Consumer Goods as a whole decreased by 7.7%, due to the 27.4% downturn experienced by Consumer Durables, whilst Consumer Non-Durables increased by 2.0%. Equipment Goods rose by 3.9%, Intermediate Goods registered a positive variation of 0.3% and Energy rose by 4.1%.
The month-on-month variation in September 2014 on August 2014 was negative for practically all large industrial groups, except for Energy, which rose by 2.2%. Intermediate Goods were down by 5.4% and Equipment Goods by 4.9%. Consumer Goods, for their part, fell by 2.2%, due to the fact that Consumer Durables posted a decrease of 1.5% and Consumer Non-Durables fell by 2.4%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of September 2014 with regards to year-on-year variations were Electricity, Gas & Steam which grew by 3.4%, Timber, Paper & Graphic Arts with 3.1% growth and Food, Beverages & Tobacco which grew by 2.8%.
On the other hand, there were three relevant sectors that registered negative variations: Electrical Material & Equipment, which posted a year-on-year fall of 14.8%; Plastic & Rubber, which decreased by 1.7%; and Machinery & Equipment which dropped by 0.2%.
By province, the year-on-year performance of the Industrial Production Index for September was positive in the three provinces: in Álava it was up by 3.6%, in Bizkaia it grew by 0.4% and in Gipuzkoa there was an increase of 0.2%. The month-on-month variation rate was negative in the three provinces: in Álava it was down by 6.2%, in Gipuzkoa it fell by 4.2% and in Bizkaia it was down by 1.3% with respect to August 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)