Press Release 07/07/2016
Industrial activity in the Basque Country fell by 2.5% in May 2016
The industrial production index saw growth of 2.3% in the first five months of 2016
Industrial production of the Basque Country in May 2016 was down by 2.5% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. In gross original series, growth in the General Industrial Production Index stood at 3.0%. The balance of the first five months of 2016 saw 2.3% growth.
Compared to the previous month, April 2016, the industrial production of the Basque Country fell by 1.3%, once seasonal effects had been corrected.
The trends in the index for May 2016 compared to May 2015 according to economic destination of the goods were both positive and negative. Capital Goods rose by 3.9%, Intermediate Goods fell by 2.6% and Energy posted a drop of 10.5%. Consumer Goods as a whole posted a drop of 7.2% due to the decrease experienced in both Consumer Durables, which fell by 18.9%, and in Consumer Non-Durables, with a 2.6% fall.
By sector, among the industrial sectors with the most weight, there were increases in Transport Material, which was up 9.5%, and Plastic & Rubber, which was up 2.5%. On the other hand, there were decreases in Electrical Material & Equipment, of 15.5%, and Electricity, Gas & Steam, of 10.8%.
By province, year-on-year performance of the Industrial Production Index for the month of May showed positive results in Álava, where it grew by 2.8%; in contrast, Bizkaia posted a fall of 4.7% and in Gipuzkoa there was 3.0% drop.
The month-on-month variation rate was negative in the three provinces: In Álava by 1.7%, in Gipuzkoa by 1.3%, and in Bizkaia by 1.0%, compared to April 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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