Press Release 07/09/2017


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Industrial activity in the Basque Country rose by 0.8% in July 2017

The industrial production index saw growth of 2.2% in the first seven months of 2017

The Industrial production of the Basque Country in April 2017 was up by 0.8% compared to the same month of 2016, in homogenous terms of the working calendar, according to Eustat data. The balance for the first seven months of 2017 saw growth of 2.2% on the same period of 2016.

Compared to the previous month, June 2017, the industrial production of the Basque Country fell by 1.0%, once seasonal effects had been corrected.

There were different performances in the index of the major industrial sectors in July 2017 compared to July 2016. Energy grew by 10.9% and Intermediate Goods increased by 3.1%. Capital Goods fell by 3.4% and Consumer Goods as a whole were down by 3.8%; among the latter, Consumer Non-durables, which decreased by 7.5%, determined the drop, as Consumer Durables rose by 5.2%.

The month-on-month variation from July 2017 on June 2017 was positive only for Energy, which went up by 2.6%. The sales index of Intermediate Goods fell by 1.1% compared to June, Capital Goods were down 2.0% and Consumer Goods as a whole shrank by 1.0%. Within these Consumer Durables fell by 1.4% and Consumer Non-durables decreased by 0.9%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of July 2017 with regards to year-on-year variations, were: Electricity, Gas and Steam, up by 12.1%; Plastic & Rubber, with an increase of 7.8%; and Metallurgy & Metal Products, which rose by 2.7%. On the other hand, the largest decreases occurred in the Transport Materialsector, which fell by 7.1%, Food, Beverages & Tobacco, which was down by 4.5%, andTimber paper and graphic arts, which dropped by 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, the year-on-year performance of the Industrial Production Index for the month of July was positive in Gipuzkoa, where it rose by 2.9% and in Bizkaia, where it was up by 1.0%, but in Álava there was a decrease of 3.6%.

Table 2. Industrial Production in the Basque Country. Growth rates. Provisional data. July 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

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Industrial activity in the Basque Country rose by 0.8% in July 2017

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Industrial production index
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JULIO 2017
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