Press Release 06/07/2017
Industrial activity in the Basque Country rose by 3.2% in May 2017
The industrial production index saw growth of 2.6% in the first five months of 2017
Industrial production of the Basque Country in May 2017 was up by 3.2% compared to the same month of 2016, in homogenous terms of the working calendar, according to Eustat data. The balance for the first five months of 2017 saw growth of 2.6% on the same period of 2016.
Compared to the previous month, April 2017, the industrial production of the Basque Country fell by 0.3%, once seasonal effects had been corrected.
There were positive variations in the index of the major industrial sectors in May 2017 compared to May 2016. Intermediate Goods increased by 5.5%, Energy grew by 0.8%, Capital Goods were up by 0.4% and Consumer Goods as a whole rose by 7.5%. Within these, Consumer Durables, which were up 38.0%, determined the rate of growth, as Consumer Non-Durables were down 2.5%.
The month-on-month variation in May 2017, compared to April 2017, was positive for both Capital Goods, which grew by 0.1%, and Consumer Goods as a whole, which increased by 1.0%; among these, Consumer Durables rose by 4.9% and Consumer Non-Durables fell by 0.7%. Intermediate Goods fell by 0.2% and Energy dropped 1.6%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of May 2017 in terms of year-on-year variations, were: Rubber & Plastics with 7.8%, Transport Materialwith 7.1% and Metallurgy & Metal Products with 3.8%.
On the other hand, the largest decreases occurred in theElectricity, Gas & Steam sector, which posted a year-on-year drop of 4.8%, Timber, Paper & Graphic Arts, which decreased by 1.9% and in Electrical Material & Equipment, which registered a fall of 1.2%.
By province, the year-on-year performance of the Industrial Production Index for the month of May was positive in the three provinces: In Bizkaia they were up by 5.0%, in Álava 4.4% and in Gipuzkoa 0.6%.
The month-on-month variation rate compared to April 2017 was negative in all three provinces: It was down by 0.4% in both Álava and Bizkaia, and it fell by 0.1% in Gipuzkoa.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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