Press Release 02/10/2015

INDUSTRIAL PRODUCTION INDEX. AUGUST 2015

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Industrial activity in the Basque Country rose by 3.3% in August 2015

The Industrial Production Index saw a growth of 3.4% in the first eight months of 2015

Industrial production of the Basque Country in August 2015 was up by 3.3% compared to the same month of 2014, in homogeneous terms of the working calendar, according to Eustat data. The balance of the first eight months of 2015 also closed with 3.4% growth.

Compared to the previous month, July 2015, the industrial production of the Basque Country rose by 0.5%, once seasonal effects had been corrected.

The evolution of the index in August 2015 compared to August 2014 was different for the main industrial groups. Consumer Goods as a whole increased by 5.5%, mostly due to the 27.0% upturn experienced by Consumer Durables, since although Consumer Non-Durables also increased, it did so much more moderately (1.9%). Intermediate Goods were up by 5.0% and Capital Goods saw a positive variation of 4.6%. Energy, however, fell by 2.4%.

The month-on-month variation in August 2015, compared to July 2015, also registered distinct changes for the main industrial groups. Energy fell by 8.3%, but Intermediate Goods increased by 6.6%, Capital Goods rose by 0.6% and Consumer Goods, for their part, rose 0.3% due to the fact that Consumer Durables were up by 1.6%, but Consumer Non-Durables were down by 2.9%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of August 2015 with regards to year-on-year variations, were Timber, Paper & Graphic Arts with 19.8% growth, Metallurgy & Metal Products which grew by 3.7% and Food, Beverages & Tobacco which rose by 2.6%.

Table 1. Industrial production in the Basque Country. Key Sectors. Year-on-year variation rates.  A-38 Sectorisation. Provisional Data	
Source: Eustat. Industrial production index

On the other hand, there were more significant decreases in the sectors of Electricity, Gas & Steam, which posted a 7.3% year-on-year downturn, and Transport Material, with a decrease of 4.9%, among others.

By province, the year-on-year performance of the Industrial Production Index for the month of August was positive in Gipuzkoa, where it rose by 6.8% and in Bizkaia, where it was up by 3.4%, but in Álava there was a decrease of 2.6%. The month-on-month variation rate was positive in Gipuzkoa, with an increase of 2.2%, and in Álava, with an increase of 1.1%, whilst in Bizkaia there was a decrease of 1.4% with respect to July 2015.

Table 2. Industrial Production in the Basque Country. Variation rate. Provisional data. August 2015
Source: Eustat. Industrial production index

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 3.3% in August 2015

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
Agosto 2015
Last updated : 
10/02/2015
Next update : 
07/04/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0012879_i.html
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