The industrial production of the A.C. of the Basque Country grew 6.2% in June 2005 with regard to the same month in 2004, in homogenous terms of the working calendar, according to Eustat data. Over the whole of the first six months of the year, industrial activity rose 2.2% on the same period the year before.

In June 2005, compared to the month before, industrial production increased by 1.2% in the A.C. of the Basque Country, once seasonal effects were corrected.

Quarterly inter-annual growth of the corrected Industrial Production Index of the A.C. of the Basque Country

Source: Eustat

Sectorial Evolution

By sectors, bearing in mind the classification of large industrial sectors, the evolution of the Index for June 2005 with regard to June 2004 presented positive variations in all cases. Energy registered a 10.9% inter-annual increase, Capital Goods and Intermediate Goods registered inter-annual increases of 9.7% and 4.9%, respectively and Consumer Goods, on their part, increased by 0.7%, due to the 1.0% increase in Durable Consumer Goods and 0.5% growth in Non-Durable Consumer Goods.

Over the whole of the first six months of 2005 Capital Goods grew by 5.7%, Intermediate Goods rose by1.3%, while Energy, in turn, increased by 0.5%, and Consumer Good fell by 0.4%, as a result of the decrease in Non-Durable Consumer Goods (-0.7%), as Durable Consumer Goods increased by 0.1%, all of which with regard to the first six months of 2004.

The inter-monthly variation in June 2005, in relation to May 2005, was positive in each of the large industrial sectors (GSI). Inter-monthly growth for Energy was 4.7%, Intermediate Good rose by 1.4% and Capital Goods increased by 0.3%; while the inter-monthly rate for Consumer Goods increased by 0.7%, the increase for Durable Consumer Goods being 0.4% and 0.8% for Non-Durable Consumer Goods.

Evolution by Provinces

By province, the inter-annual evolution of the Industrial Production Index in June was similar in all three provinces, increasing by 7.2% in Gipuzkoa, 6.0% in Álava and 5.6% in Bizkaia. In the accumulated first six months of the year, Gipuzkoa grew by 3.4%, Bizkaia rose by 1.8%, while Alava accumulated a positive variation of 0.9%.

Inter-monthly growth rates, June 2005 on May of the same year, of the provinces was positive in its evolution only in two of the three provinces: increasing 3.0% in Bizkaia and 0.1% in Gipuzkoa, but registering an inter-monthly variation of -0.4% in Alava.

Table: JUNE 2005. Variation rates (%) of the Industrial Production Index of the A.C. of the Basque Country

(1) Inter-annual variation rate for the accumulated period from January to the last month of year t on the same period for year t-1

Source: Eustat