Industrial production in the A.C. of the Basque Country grew by 0.2% in July 2006 with regard to the same month in 2005, in homogenous terms of the working calendar, according to EUSTAT data. Over the first seven months of the year the accumulated growth was 3.8% on the same period in 2005

In July 2006, compared with June 2006, industrial production in the A.C. of the Basque Country grew by 1.4%, once corrected for seasonal effects.

Corrected inter-annual quarterly growth of the Industrial Production Index of the A.C. of the Basque Country

(*) Inter-annual corrected growth for July 2006

Source: EUSTAT

Sectorial evolution

By sectors, bearing in mind the classification of large industrial sectors, the evolution of the index in July 2006 with regard to June 2005 presents variations in growth: Capital goods and Intermediate goods both grew by 0.8%, Energy rose by 0.3%, but Consumer goods fell by 3.6%, as a result of the decreases both in Durable Consumer Goods (-4.2%) and Non-durable Consumer Goods (-3.3%).

The inter-monthly variations for July 2006 on June 2006 were different for the industrial sectors. Energy increased by 2.3% in inter-monthly terms, Capital goods fell by 3.3% with regard to the previous month, Intermediate goods fell by 0.1% and Consumer Goods decreased by 0.7% with regard to last June, due to the fall registered by Non-durable Consumer Goods (-1.6%) as Durable Consumer Goods increased by 1.4%.

Evolution by provinces

By provinces, the inter-annual evolutions of the Industrial production index varied: in Bizkaia and Álava they rose by 0.2% and 0.8% respectively, and fell by 0.3% in Gipuzkoa.

The inter-monthly rates, July 2006 on June 2006, of provinces fell in all three provinces, falling by 2.7% in Gipuzkoa, 1.3% in Álava, and decreasing by 0.3% in Bizkaia.

Table: July 2006. Variation rates (%) for 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 in year t-1

Source: EUSTAT