Press Release 03/08/2018
INDUSTRIAL PRODUCTION INDEX. JUNE 2018
Industrial activity in the Basque Country rose by 4.7% in June 2018
The industrial production index saw growth of 2.9% in the first six months of 2018
Industrial production of the Basque Country in June 2018 was up by 4.7% compared to the same month of 2017, in homogeneous terms of the working calendar, according to Eustat data. The balance for the first six months of 2018 saw growth of 2.9% on the same period of 2017.
Compared to the previous month, May 2018, the industrial production of the Basque Country rose by 1.1%, once seasonal effects had been corrected.
The performance of the index in June 2018 compared to June 2017 registered positive and negative results in the major industrial sectors. Capital Goods rose by 7.2% and Intermediate Goods were up 4.1%, but Energy posted a drop of 1.0%. Consumer Goods as a whole were up by 4.3%. Within these, Consumer Non-Durables, which rose 9.0%, determined the rate of growth, since Consumer Durables were down 7.7%.
The month-on-month variation, June 2018 on May 2018, registered distinct trends for the major industrial sectors. Intermediate Goods rose by 1.4% and Energy by 0.8%, but Capital Goods fell by 0.2%. Consumer Goods as a whole were up by 2.3%, due to the 3.4% increase in Consumer Non-Durables, whilst Consumer Durables were down 0.7%.
Among the largest sectors in Basque industry, those that saw the most significant growth in the month of June 2018 with regards to year-on-year variations were: Food, Beverages & Tobacco, with an increase of 9.8%; Transport Material, which was up 8.3% and Machinery & Equipment, which rose by 5.6%.
In contrast, there were decreases in the sectors of: Timber, Paper & Graphic Arts, which posted a year-on-year drop of 1.6%, and Electricity, Gas & Steam, which was down 1.4%.
By province, the year-on-year performance of the Industrial Production Index for the month of June was positive in Gipuzkoa, where it rose by 9.6%, and in Álava, with an increase of 6.5%, but in Bizkaia it registered a fall of 0.8%.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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