Press Release 02/12/2016
INDUSTRIAL PRODUCTION INDEX, OCTOBER 2016
Industrial activity in the Basque Country rose by 0.3% in October 2016
The Industrial Production Index saw a growth of 1.7% in the first ten months of 2016
Industrial production of the Basque Country in October 2016 was up by 0.3% compared to the same month of 2015, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first ten months of 2016 saw growth of 1.7% on the same period of 2015.
Compared to the previous month, September 2016, the industrial production of the Basque Country fell by 0.5%, once seasonal effects had been corrected.
The trends in the index for October 2016 compared to October 2015, according to economic destination of the goods, were both positive and negative. Capital Goods rose by 2.3%, Intermediate Goods fell by 1.5% and Energy posted a drop of 0.7%. Consumer Goods as a whole rose by 4.4% due, in particular, to the upturn seen in Consumer Durables, which increased by 9.2%, while Consumer Non-Durables also rose but to a lesser extent, increasing by 2.7%.
By sector, among the industrial sectors with the most weight, the largest increases were in Transport Material, which was up 13.4%, and Food, Beverages & Tobacco, which was up 3.2%. On the other hand, the largest decreases were in Electrical Material & Equipment, with a drop of 6.0%, and in Machinery & Equipment, with a fall of 5.3%.
By province, the year-on-year performance of the Industrial Production Index for the month of October showed positive results in Bizkaia, where it increased by 4.1%, and in Álava, where the increase was 3.5%, whereas Gipuzkoa saw a downturn of 5.1%.
The month-on-month variation rate compared to September 2016 was positive in Bizkaia, with an increase of 3.4%, but in Álava it was down 0.6% and in Gipuzkoa it fell 4.2%.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
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 the Industrial Production Index of the Basque Country (IPI)