Press Release 04/03/2016

INDUSTRIAL PRODUCTION INDEX, JANUARY 2016

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Industrial activity in the Basque Country rose by 5.9% in January 2016

Compared to the previous month, the industrial production index of the Basque Country grew by 0.7%

Industrial production of the Basque Country in January 2016 was up by 5.9% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, December 2015, the industrial production of the Basque Country grew by 0.7%, once seasonal effects had been corrected.

The evolution of the index for January 2016 compared to January 2015 showed positive evolutions for Capital Goods which was up 19.9%, for Intermediate Goods, which rose by 4.5%, and for Consumer Goods as a whole which rose by 6.4%; this latter rise was due to the upturn seen, above all, in Consumer Durables, which increased by 12.7%, as Consumer Non-Durables also rose but far more moderately (4.0%). The index corresponding to Energy, however, decreased by 10.4%.

The month-on-month variation for January 2016, compared to December 2015, registered distinct changes for the main industrial sectors. Capital Goods rose by 6.1% and Consumer Goods as a whole rose by 3.7%, due to the fact that Consumer Durables increased by 3.5% and Consumer Non-Durables by 3.8%. On the other hand, Intermediate Goods fell by 0.5%, while Energy saw a 7.2% decrease.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of January 2016 with regards to year-on-year variations, were: Transport Material, which posted a positive variation of 28.5%, Machinery & Equipment, with a 17.5% rise, and Timber, Paper & Graphic Arts, which was up 13.2%.

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

On the other hand, the largest decreases occurred in theElectricity, Gas & Steam sector, which posted a year-on-year drop of 11.0%, and in Electrical Material & Equipment, which registered a fall of 1.3%.

By province, the year-on-year performance of the Industrial Production Index for the month of January showed an upward trend in all three: It rose by 15.4% in Álava, by 6.6% in Gipuzkoa and 0.8% in Bizkaia. The month-on-month variation rate was negative in Bizkaia, where it dropped by 0.9%, whilst in Álava it increased by 4.0% and in Gipuzkoa it was up by 0.5% with regards to December 2015.

Table 2. Industrial Production in the Basque Country. Growth rates. Provisional data. January 2016
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 5.9% in January 2016

Operation : 
Industrial production index
Código operación : 
112312
Frequency : 
Mensual
Timeframe : 
Enero 2016
Last updated : 
03/04/2016
Next update : 
05/08/2019
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
http://en.eustat.eus/elementos/not0013294_i.html
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