Press Release 07/11/2017


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Industrial activity in the Basque Country rose by 3.6% in September 2017

The Industrial Production Index saw a growth of 2.7% in the first nine months of 2017

The Industrial production of the Basque Country in September 2017 was up by 3.6% compared to the same month of 2016, in homogenous terms of the working calendar, according to Eustat data. The balance for the first nine months of 2017 saw growth of 2.7% on the same period of 2016.

Compared to the previous month, August 2017, the industrial production of the Basque Country fell by 2.0%, once seasonal effects had been corrected.

There were different performances in the index of the major industrial sectors in September 2017 compared to September 2016. Energy rose by 11.5%, Intermediate Goods were up by 5.8% and Consumer Goods, as a whole, increased by 3.4%. Within these, Consumer Durables, which were up 16.7%, determined the rate of growth, as Consumer Non-Durables were down 1.5%. In contrast, in the major industrial sectors, Capital Goods were the only ones to drop, with a fall of 1.0%.

The month-on-month variation for September 2017 on August 2017 was negative for Intermediate Goods, which were down by 3.3%, and Capital Goods, with a drop of 1.4%. The index of Energy rose by 0.7% compared to August, and Consumer Goods, as a whole, advanced by 1.6%. Within these Consumer Durables went up by 0.2% and Consumer Non-durables rose by 2.2%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of September 2017 with regards to year-on-year variations, were: Timber, Paper & Graphic Arts with 8.8%, Plastic & Rubber with 6.3% and Electricity, Gas & Steam with 5.6%. On the other hand, decreases occurred in the sectors of Electrical Material & Equipment sector, which was down 4.4% and Food, Beverages & Tobacco, which fell by 3.7%.

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 September showed an upward trend in all three: it rose by 6.2% in Álava, by 5.1% in Bizkaia and 0.7% in Gipuzkoa.

Table 2. Industrial Production in the Basque Country. Growth rates. Provisional data. September 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 3.6% in September 2017

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