Press Release 08/09/2016

INDUSTRIAL PRODUCTION INDEX, JULY 2016

Industrial activity in the Basque Country fell by 1.2% in July 2016

The Industrial Production Index saw overall growth of 1.5% in the first seven months of 2016

Industrial production of the Basque Country in July 2016 fell 1.2% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. The balance for the first seven months of 2016 saw growth of 1.5% on the same period of 2015.

Compared to the previous month, June 2016, the industrial production of the Basque Country fell by 0.8%, once seasonal effects had been corrected.

The trends in the index for July 2016 compared to July 2015, according to economic destination of the goods, were both positive and negative. Capital Goods rose by 4.2%, Intermediate Goods fell by 0.9% and Energy posted a drop of 14.6%. Consumer Goods as a whole posted a drop of 1.1% due to the decrease experienced by Consumer Durables, which fell by 10.5%, with Consumer Non-Durables rising by 3.5%.

By sector, among the industrial sectors with the most weight, the largest increases were in Transport Material, which was up 17.3%, and Plastic & Rubber, which was up 1.9%. On the other hand, there were decreases in Electricity, Gas & Steam by 16.6%, and in Electrical Material & Equipment by 7.8%.

By province, year-on-year performance of the Industrial Production Index for the month of July showed positive results in Álava, where it grew by 7.1%, whilst Bizkaia posted a fall of 3.8% and in Gipuzkoa there was 2.8% drop.

The month-on-month variation rate was also positive in Álava, where it rose 0.8% compared to June 2016, but in Bizkaia and Gipuzkoa there were decreases of 1.8% and 0.6%, respectively, on the previous month.

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)