Press Release 06/10/2016
Industrial activity in the Basque Country rose by 2.5% in August 2016
The Industrial Production Index saw a growth of 1.5% in the first eight months of 2016
Industrial production of the Basque Country in August 2016 was up by 2.5% compared to the same month of 2015, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first eight months of 2016 saw growth of 1.5% on the same period of 2015.
Compared to the previous month, July 2016, the industrial production of the Basque Country rose by 3.8%, once seasonal effects had been corrected.
The trends in the index for August 2016 compared to August 2015, according to economic destination of the goods, were both positive and negative. Capital Goods rose by 17.9%, Intermediate Goods were up 3.4% and Energy posted a drop of 14.2%. Consumer Goods as a whole posted a drop of 2.4% due to the decrease experienced by Consumer Non-Durables, which fell by 3.8%, with Consumer Durables rising by 3.8%.
By sector, among the industrial sectors with the most weight, the largest increases were in Transport Material, which was up 49.9%, and Machinery & Equipment, which was up 7.6%. On the other hand, the largest decreases were in Electricity, Gas & Steam, with a drop of 16.4%, and in Timber, Paper & Graphic Arts, with a fall of 4.9%.
By province, the year-on-year performance of the Industrial Production Index for the month of August was positive in both Álava, where it grew by 12.9% and in Gipuzkoa which posted an increase of 2.3%, whilst in Bizkaia it fell by 1.6%.
The month-on-month variation rate compared to July 2016 was positive in all three provinces: in Gipuzkoa it was up 6.8%, in Álava there was a rise of 3.2%, and in Bizkaia increased 1.2%.
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
Further press releases on Industrial production index of the Basque Country (IPI)
Databank on Industrial production index of the Basque Country (IPI)