Press Release 04/11/2016

INDUSTRIAL PRODUCTION INDEX, SEPTEMBER 2016

Industrial activity in the Basque Country rose by 2.9% in September 2016

The Industrial Production Index saw a growth of 1.8% in the first nine months of 2016

Industrial production of the Basque Country in September 2016 was up by 2.9% compared to the same month of 2015, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first nine months of 2016 saw growth of 1.8% on the same period of 2015.

Compared to the previous month, August 2016, the industrial production of the Basque Country fell by 2.1%, once seasonal effects had been corrected.

The trends in the index for September 2016 compared to September 2015, according to economic destination of the goods, were both positive and negative. Capital Goods rose by 9.1%, Intermediate Goods fell by 0.1% and Energy posted a drop of 7.7%. Consumer Goods as a whole posted a rise of 7.0% due to the increase experienced by Consumer Non-Durables, which grew by 7.3%, with Consumer Durables up 6.2%.

By sector, among the industrial sectors with the most weight, the largest increases were in Food, Beverages & Tobacco, which was up 10.3%, and Transport Material, which saw an increase of 9.3%. On the other hand, the largest decreases were in Electricity, Gas & Steam, with a drop of 5.1%, and in Timber, Paper & Graphic Arts, with a fall of 3.4%.

By province, the year-on-year performance of the Industrial Production Index for the month of September showed an upward trend in the three provinces: it rose by 4.7% in Gipuzkoa, 4.2% in Álava and 0.5% in Bizkaia.

The month-on-month variation rate compared to August was negative in the three provinces: in Gipuzkoa and Álava there was a decrease of 3.3%, in both cases, and in Bizkaia it was down 0.2%.

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)