Industrial production in the A.C. of the Basque Country grew 6.6% in July 2005 with regard to the same month in 2004, in homogeneous terms of the working calendar, according to Eustat data. This data consolidated the recovery observed in industrial activity in the second quarter of the year (+4.7%), which over the whole of the first seven months increased 2.9% in relation to the same period the year before.

In July 2005, compared with the month before, industrial production in the A.C. of the Basque Country rose 1.6%, once corrected for seasonal effects.

Sector evolution

By sectors, taking into consideration the classification of large industrial sectors, the evolution of the index in July 2005 with regard to July 2004 presents positive variations in all sectors: Energy (6.6%), Capital Goods (8.7%), Intermediate Goods (4.4%) and Consumer Goods (6.8%); of these, Durable Consumer Goods grew by 5.1% and Non-Durable Consumer Goods by 7.8%.

The accumulate figure for the first seven months of 2005 shows Capital Goods grew by 6.1%, Intermediate Goods by 1.7%, Energy by 1.4% and Consumer Goods by 0.6%, with a variation between Durable Consumer Goods which grew 0.8% and Non-Durable Consumer Goods which rose by 0.6%, in relation to the first seven months of 2004.

The inter-monthly variation for July 2005 on June 2005, was positive in every large industrial sector (GSI). Inter-monthly growth for Energy was 3.0%, Intermediate Goods grew by 0.5%, Capital Goods by 1.9% and Consumer Goods by 3.2%, with 4.5% growth for Durable Consumer Goods and un 2.6% for Non-Durable Consumer Goods.

Evolution by Province

By province, the inter-annual evolution in July for the Industrial production index was quite similar in all three provinces, increasing by 7.7% in Bizkaia, 7.5% in Alava and 5.0% in Gipuzkoa. In the accumulate of the first seven months of the year, Gipuzkoa grew by 3.7%, Bizkaia by 2.7% and Alava by 1.9%.

Inter-monthly gorwth rates, July 2005 on June of the same year, for the provinces, were positive in all three provinces: increasing by 3.6% in Alava, 1.5% in Bizkaia and 0.5% in Gipuzkoa.