Press Release 10/01/2017
Industrial activity in the Basque Country rose by 5.5% in November 2016
The Industrial Production Index saw a growth of 2.0% in the first eleven months of 2016
Industrial production of the Basque Country in November 2016 was up by 5.5% compared to the same month of 2015, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first eleven months of 2016 saw growth of 2.0% on the same period of 2015.
Compared to the previous month, October 2016, the industrial production of the Basque Country increased by 3.1%, once seasonal effects had been corrected.
The trends in the index for November 2016 compared to November 2015, according to classification by economic destination of the goods, were positive for all groups. Energy rose by 12.5%, Capital Goods were up by 9.5% and Intermediate Goods increased by 2.9%. Consumer Goods as a whole posted an increase of 0.4% due to the rise experienced by Consumer Non-Durables, which rose by 2.8%, although Consumer Durables fell 6.2%.
By sector, among the industrial sectors with the most weight, the largest increases were in Transport Material, 22.0%; Electricity, Gas & Steam, 9.6%; Food, Beverages & Tobacco, 4.6%; Electrical Material & Equipment, 4.5%; and Machinery & Equipment, 4.3%. The only negative figure was in Plastic & Rubber, which posted a downturn of 1.4%.
By province, the year-on-year performance of the Industrial Production Index for the month of November was positive in the three provinces, with an increase of 8.5% in Bizkaia, 5.6% in Álava and 2.5% in Gipuzkoa.
The month-on-month variation rate compared to October 2016 was positive in all three provinces: in Gipuzkoa it was up 4.3%, in Bizkaia there was a 3.1% rise, and in Álava the increase was 1.1%.
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)