Press Release 05/09/2018
(This release has been revised due to an error in the correction of calendar effects and deseasonalisation process, as a result of counting 25 July as a public holiday)
INDUSTRIAL PRODUCTION INDEX, JULY 2018
Industrial activity in the Basque Country rose by 1.3% in July 2018
The Industrial Production Index saw overall growth of 2.6% in the first seven months of 2018
Industrial production of the Basque Country in July 2018 was up by 1.3% compared to the same month of 2017, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first seven months of 2018 saw growth of 2.6% on the same period of 2017.
Compared to the previous month, June 2018, the industrial production of the Basque Country fell by 2.4%, once seasonal effects had been corrected.
The performance of the index in July 2018 compared to June 2017 registered positive and negative results in the major industrial sectors. Capital Goods rose by 3.2% and Intermediate Goods were up 2.2%, but Energy posted a drop of 8.4%. Consumer Goods as a whole were up by 4.7%. Within these, Consumer Non-Durables, which rose 7.8%, determined the rate of growth, since Consumer Durables were down 2.3%.
The month-on-month variation in July 2018 on June 2018 showed positive results for Consumer Goods, as a whole, which grew by 0.1%, due to the 3.8% rise in Consumer Durables, whereas Consumer Non-Durables fell by 1.1%. Intermediate Goods fell by 0.9%, Capital Goods were down 3.5% and Energy posted a drop of 4.5%.
Among the largest sectors in Basque industry, those that saw the most significant growth in terms of year-on-year variations were: Food, Beverages & Tobacco with 8.3%; Transport Material with 6.4% and Timber, Paper & Graphic Arts with 4.5%.
Conversely, there were drops in the Electricity, Gas & Steam sector which fell by 11.0% and Rubber & Plastics, which dropped 0.4%
By province, year-on-year performance of the Industrial Production Index for the month of July showed an upward trend in Álava, where it rose by 7.0%, in Gipuzkoa there was no change (0.0%) and in Bizkaia it was down by 0.5%.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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