Press Release 06/06/2017
Industrial activity in the Basque Country rose by 2.6% in April 2017
The industrial production index saw growth of 2.4% in the first four months of 2017
The Industrial production of the Basque Country in April 2017 was up by 2.6% compared to the same month of 2016, in homogenous terms of the working calendar, according to Eustat data. The balance for the first quarter of 2017 closed with growth of 2.4% on the same period of 2016.
Compared to the previous month, March 2017, the industrial production of the Basque Country fell by 1.0%, once seasonal effects had been corrected.
There were positive and negative variations in the index of the major industrial sectors in April 2017 compared to April 2016. Intermediate Goods increased by 5.6%, Energy grew by 1.1%, Capital Goods were down by 1.2% and Consumer Goods as a whole rose by 6.4%. Within these, Consumer Durables, which were up 26.1%, determined the rate of growth, as Consumer Non-Durables were down 0.5%.
The month-on-month variation in April 2017 on March 2017 showed positive results for Consumer Goods, which grew by 2.4% as a whole; Consumer Durables rose by 7.3% and Consumer Non-Durables by 0.5%. However, Capital Goods fell by 2.3%, Intermediate Goods were down by 0.7% and Energy decreased by 0.1%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of April 2017 with regards to year-on-year variations, were: Rubber & Plastics with 5.7%, Electrical Material & Equipment with 5.5% and Timber, Paper & Graphic Arts with 3.6%.
By province, the year-on-year performance of the Industrial Production Index for the month of April showed positive results in Álava, where it grew by 4.5% and Bizkaia, where it was up 4.9%. In Gipuzkoa, on the other hand, it dropped by 0.7%.
The month-on-month variation rate with regards to the month of March 2017 was positive in Álava, with an increase of 0.7%; in Bizkaia however it was down by 2.3% and in Gipuzkoa it fell by 0.5%.
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)