Press Release 03/08/2017


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Industrial activity in the Basque Country rose by 1.1% in June 2017

The industrial production index saw growth of 2.4% in the first semester of 2017

Industrial production of the Basque Country in June 2017 was up 1.1% compared to the same month of 2016, in homogeneous 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, May 2017, the industrial production of the Basque Country fell by 0.8%, once seasonal effects had been corrected.

There were different performances in the index of the major industrial sectors in June 2017 compared to June 2016. Energy grew by 4.3%, Intermediate Goods increased by 3.7% and Consumer Goods as a whole went up by 1.1%; among the latter, Consumer Durables, which grew by 15.0%, determined the rate of growth, as Consumer Non-durables decreased by 4.1%. On the other hand, Capital Goods were down by 2.6%.

The month-on-month variation from June 2017 on May 2017 was positive only for Energy, which went up by 0.5%, but the sales index of Intermediate Goods fell by 1.1% compared to May, Capital Goods were down by 0.7% and Consumer Goods as a whole shrank by 3.5%. Within these Consumer Durables fell by 7.1% and Consumer Non-durables decreased by 1.8%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of June 2017 with regards to year-on-year variations, were: Plastic & Rubber, which grew by 6.3%, Electricity, Gas & Steam, which increased by 4.9% and Machinery & Equipment, which went up by 3.9%. On the other hand, the only decrease was found in the Food, Beverages & Tobacco sector, which fell by 3.4%.

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 June showed an upward trend in the three provinces: It rose by 1.4% in Álava, by 1.1% in Gipuzkoa and 0.9% in Bizkaia.

The month-on-month variation rate, with respect to May 2017, was negative in Bizkaia, where it fell by 1.9%, and Álava, where it went down by 1.4%; in Gipuzkoa however it rose by 0.6%.

Table 2. Industrial Production in the Basque Country. Growth rates. Provisional data. June 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 1.1% in June 2017

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