Press Release 08/01/2015
Industrial activity in the Basque Country rose by 3.1% in November 2014
In the accumulated rate for the first eleven months, the industrial production index increased by 1.4%
The Industrial production index of the Basque Country in November 2014 was up by 3.1% compared to the same month of 2013, in homogeneous terms of the working calendar, according to Eustat data.
Compared to the previous month, October 2014, the industrial production of the Basque Country fell by 0.2%, once seasonal effects had been corrected.
The evolution of the index in November 2014 compared to November 2013 was positive for all the main industrial groups. Energy rose by 6.5%, Equipment Goods grew by 2.9% and Intermediate Goods posted a positive variation of 1.4%. Consumer Goods as a whole increased by 1.7%, due to the 4.8% upturn experienced by Consumer Non-Durables, whilst Consumer Durables fell by 6.7%.
The month-on-month variation in November 2014 on October 2014 was negative for Energy, which fell by 3.9%, and for Equipment Goods, which were down by 0.1%. Intermediate Goods rose by 0.5%, and Consumer Goods, for their part, rose by 0.3% due to the fact that Consumer Durables grew by 4.9% whilst Consumer Non-Durables fell by 1.1%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of November 2014 with regards to year-on-year variations were: Timber, Paper & Graphic Arts, which grew by 6.4%, Food, Beverages & Tobacco, up 4.8%, and Metallurgy & Metal Products, up 4.2%.
On the other hand, negative variations were registered by the Transport Material sector, which fell by 5.2%; by Electricity, Gas & Steam, which was down by 3.3%; and by Electrical Material & Equipment, which posted a year-on-year drop of 2.8%.
By province, the year-on-year performance of the Industrial Production Index for the month of November showed positive results in Bizkaia, where it increased by 7.2%, and in Gipuzkoa, with a 1.2% growth, whereas Álava saw a fall of 0.5%. The month-on-month variation rate was negative in Bizkaia, with a drop of 1.4%, but in both Álava and Gipuzkoa there was a growth of 0.5%.
Taking stock of the evolution of the first eleven months of 2014 with respect to the same period of the previous year, the Industrial Production Index of the Basque Country grew by 1.4% after two years of negative rates. The provincial performance of the Index was also positive in the three provinces: Bizkaia grew by 1.6%, Gipuzkoa by 1.3% and Álava by 1.2%
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)