Press Release 06/04/2017


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Industrial activity in the Basque Country rose by 1.3% in February 2017

The industrial production index saw a growth of 1.2% in the first two months of 2017

Industrial production of the Basque Country in February 2017 rose 1.3% compared to the same month of 2016, in homogenous terms of the working calendar, according to Eustat data. The balance for the first two months of 2017 saw growth of 1.2% on the same period of 2016.

Compared to the previous month, January 2017, the industrial production of the Basque Country fell by 0.8%, once seasonal effects had been corrected.

There were positive and negative variations in the index of the major industrial sectors in February 2017 compared to February 2016. Energy was down 3.2%, Intermediate Goods rose by 2.3%, Capital Goods grew by 0.9% and Consumer Goods as a whole saw a 2.7% rise. Within these, Consumer Durables, which were up 13.9%, determined the rate of growth, since Consumer Non-Durables was down 1.6%.

The month-on-month variation for February 2017 on January 2017 was negative for all major industrial sectors, except Capital Goods, which was up 2.1%. Consumer Goods as a whole decreased by 3.5%, since Consumer Durables and Consumer Non-Durables posted drops of 3.9% and 3.3%, respectively. Intermediate Goods fell by 1.1% and Energy dropped 3.6%.

Among the largest sectors in Basque industry – those that saw the most significant growth in the month of February 2017 in terms of year-on-year variations – were: Transport Material, which were up 12.7%; Electricity, Gas & Steam, which rose by 6.1%, and Plastic & Rubber, which grew by 5.3%.

On the other hand, the largest decreases occurred in the Machinery & Equipment sector, which posted a year-on-year drop of 7.3%; in Electrical Material & Equipment, which registered a fall of 2.4%; and in Food, Beverages & Tobacco, which was down 1.1%.

Table 1. Industrial production in the Basque Country. Key Sectors. Year-on-year growth rates.  A-38 Sectorisation. Provisional Data	
Source: Eustat. Industrial production index

By province, year-on-year performance of the Industrial Production Index for the month of February showed positive results in Álava, where it grew by 5.7% and Bizkaia where it was up 2.6%. In Gipuzkoa, on the other hand, it decreased by 2.4%.

The month-on-month variation rate was positive in Álava, where it increased by 1.8%, but in Bizkaia it dropped by 1.9% and in Gipuzkoa it fell by 1.0%, compared with January 2017.

Table 2. Industrial Production in the Basque Country. Growth rates. Provisional data. February 2017
Source: Eustat. Industrial production index

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: 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)

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Industrial activity in the Basque Country rose by 1.3% in February 2017

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Industrial production index
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Timeframe : 
Febrero 2017
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