Press release 03/07/2015
Industrial activity in the Basque Country rose by 6.6% in May 2015
Compared to the previous month, the Industrial Production Index of the Basque Country rose by 0.2%
Industrial production of the Basque Country in May 2015 was up by 6.6% compared to the same month of 2014, in homogenous terms of the working calendar, according to Eustat data. This statistic shows the consolidation of growth in industrial activity, which has accumulated a 2.6% growth rate over the first five months of the year.
Compared to the previous month, April 2015, the industrial production of the Basque Country rose by 0.2%, once seasonal effects had been corrected.
The evolution of the index in May 2015 compared to May 2014 was positive for all four of the main industrial sectors. Consumer Goods rose by 6.1% due, in particular, to the upturn seen in Consumer Durables, which increased by 26.0%, as Consumer Non-Durables fell by 0.1%. Capital Goods rose by 11.6%, whereas Intermediate Goods rose by 3.2% and Energy grew by 6.4%.
The month-on-month variation in May 2015, compared to April 2015, was positive for both Intermediate Goods, which grew by 1.7%, and Consumer Goods as a whole, which increased by 1.6%, due to the fact that Consumer Durables rose by 0.2% and Consumer Non-Durables did so by 2.2%. Capital Goods, for its part, fell by 1.0%, whereas Energy dropped by 2.6%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of May 2015 with regards to year-on-year variations, were: Transport Material, with a rise of 9.7%; Machinery & Equipment, which grew by 9.5%, and Timber, Paper & Graphic Arts, which was up by 7.7%.
On the other hand, there were decreases in the index of the Plastic & Rubber sector, with a 1.5% drop, and in the sector of Food, Beverages & Tobacco, which posted a year-on-year downturn of 1.4%.
By province, the year-on-year performance of the Industrial Production Index for the month of May was positive in the three provinces: in Bizkaia it was up 8.7%, in Álava it rose by 5.7%, and Gipuzkoa saw an increase of 5%. The month-on-month rate was also positive in Bizkaia, with an increase of 1.9%, and in Álava where it grew by 1.7%, whilst in Gipuzkoa it fell by 2.2% with respect to April 2015.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: firstname.lastname@example.org Tel: 945 01 75 62
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Databank on Industrial production index of the Basque Country (IPI)