Press Release 03/12/2015


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Industrial activity in the Basque Country rose by 4.7% in October 2015

The Industrial Production Index saw a growth of 3.5% in the first ten months of 2015

Industrial production of the Basque Country in October 2015 was up by 4.7% compared to the same month of 2014, in homogeneous terms of the working calendar, according to Eustat data. The balance of the first ten months of 2015 closed with 3.5% accumulative growth.

Compared to the previous month, September 2015, the industrial production of the Basque Country rose by 2.0%, once seasonal effects had been corrected.

The index was up in October 2015 compared to October 2014 for three of the four main industrial groups. Equipment Goods rose significantly by 10.7%, Intermediate Goods increased by 4.0% and Consumer Goods as a whole were up 1.8%, mostly due to the 7.1% upturn seen in Consumer Durables, as Consumer Non-Durables only increased by 0.1%. Energy fell by 4.0%.

The month-on-month variation for October 2015 on September 2015 was positive for all of the main industrial groups. Consumer Goods as a whole was up by 2.4%, due to a 3.9% rise in Consumer Durables, and Consumer Non-Durables was up by 1.9%. Equipment Goods saw an increase of 1.4% and Intermediate Goods an increase of 0.6%. For its part, Energy posted a positive variation of 3.6%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of October 2015 with regards to year-on-year variations were: Transport Material, which grew by 12.5%; Timber, paper and graphic arts, with 10.2%; Machinery & Equipment, 7.9%, and Metallurgy & Metal Products, 4.2%.

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

Conversely, there were drops in the sectors of Electricity, Gas & Steam, which posted a year-on-year decrease of 4.5%, and Food, Beverages & Tobacco, which was down 2.3%.

By province, the year-on-year performance of the Industrial Production Index for the month of October was positive in the three Provinces, rising by 8.6% in Gipuzkoa, 5.4% in Álava and 0.5% in Bizkaia. The month-on-month variation rate was positive in Gipuzkoa, with an increase of 3.9%, and in Bizkaia, with an increase of 1.4%, whilst in Álava there was a decrease of 0.6% with respect to September 2015.

Table 2. Industrial Production in the Basque Country. Variation rate. Provisional data. October 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: 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 4.7% in October 2015

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Industrial production index
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Octubre 2015
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