Press Release 05/05/2016
Industrial activity in the Basque Country rose by 4.0% in March 2016
The industrial production index saw a growth of 5.1% in the first quarter of 2016
Industrial production of the Basque Country in March 2016 was up by 4.0% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. The balance of the first three months of 2016 saw 5.1% growth.
Compared to the previous month, February 2016, the industrial production of the Basque Country rose by 0.2%, once seasonal effects had been corrected.
The trends of the index in March 2016 compared to March 2015 was positive for all the Main Industrial Sectors. Energy rose by 11.9%, Capital Goods were up by 6.0% and Intermediate Goods increased by 2.7%. Consumer Goods as a whole increased by 1.5%, due to the upturn seen, above all, in Consumer Durables, which were up 2.8%, since althoughConsumer Non-Durables also rose, they did so far more moderately (1.0%).
Seven of the eight sectors with the most weight in Basque industry saw positive trends in March 2016 in year-on-year terms. The Transport Material sector stands out the most with 17.7% growth. Other sectors with significant growth are Electricity, Gas & Steam, up 8.3%; Plastic & Rubber, with 4.1% growth; and Food, Beverages & Tobacco and Timber, Paper & Graphic Arts, both of which rose 3.6%. The Metallurgy & Metal Products sector maintained an overall positive rate of 1.6%, despite the downward trend seen in the Iron and Steel sector, with a decrease of around 19%.
Conversely, the only decrease in the industrial sectors with the most weight occurred in the Electrical Material & Equipment sector, which posted a 4.4% drop.
By province, the year-on-year performance of the Industrial Production Index for the month of March showed an upward trend in all three: It rose by 14.8% in Álava, by 1.3% in Bizkaia and 1.2% in Gipuzkoa.
The month-on-month variation rate was positive in Álava, where it rose by 2.9%, and in Bizkaia, where it was up 0.8%, whereas in Gipuzkoa it was down by 1.8% compared to February 2016.
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)