Press Release 06/04/2016
Industrial activity in the Basque Country rose by 5.1% in February 2016
The industrial production index saw a growth of 5.6% in the first two months of 2016
Industrial production of the Basque Country in February 2016 rose 5.1% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. The balance of the first two months of 2016 saw 5.6% growth.
Compared to the previous month, January 2016, the industrial production of the Basque Country fell by 0.5%, once seasonal effects had been corrected.
The evolution of the index for February 2016 compared to February 2015 showed positive trends for Capital Goods, which grew by 14.2%; Energy, which rose by 2.8%, and Intermediate Goods, which were up 2.6%. Consumer Goods as a whole decreased by 0.9%, due to the downturn seen, above all, in Consumer Durables, which were down 2.7%, since althoughConsumer Non-Durables also fell, they did so far more moderately (-0.2%).
Among the largest sectors in Basque industry – those that saw the most significant growth in the month of February 2016 with regards to year-on-year variations – were: Transport Material, which posted a positive variation of 18.5%, Machinery & Equipment, with a 10.2% rise, and Timber, Paper & Graphic Arts, which was up 9.6%. The Metallurgy & Metal Products sector posted overall growth of 3.4%, despite the differing trends in its subsectors, particularly Iron and Steel, which posted a downturn of around 15%.
On the other hand, decreases occurred in theElectrical Material & Equipment sector, which posted a drop of 4.3%, and in Electricity, Gas & Steam, which saw a year-on-year fall of 4.1%.
By province, the year-on-year performance of the Industrial Production Index for the month of February showed an upward trend in all three: It rose by 7.6% in Álava, by 4.9% in Bizkaia and 3.8% in Gipuzkoa. The month-on-month variation rate was negative in Álava, where it dropped by 2.5%, and in Bizkaia, where it was down 0.7%, whereas in Gipuzkoa it was up by 1.0% compared to January 2016.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: email@example.com Tel: 945 01 75 62
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Databank on Industrial production index of the Basque Country (IPI)