Industrial production in the A.C. of the Basque Country grew by 1.1% in November 2006 with regard to the same month in 2005, in homogenous terms of the working calendar, according to EUSTAT data. Over the first eleven months of the year accumulated growth was 3.9% on the same period in 2005

In November 2006, compared to October 2006, industrial production in the A.C. of the Basque Country grew by 0.7%, 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 growth corrected for November 2006

Source: Eustat

Sectorial evolution

By sectors, bearing in mind the classification of large industrial sectors, the evolution of the index in November 2006 with regard to November 2005 presents variations in growth: Capital goods grew by 6.1%, Intermediate goods grew by 2.4%. However, Energy fell (-8.7%) as did Consumer Goods (-6.7%) as a result of the decreases in Durable Consumer Goods (-1.7%) and Non-durable Consumer goods (-9.4%).

The inter-monthly variations for November 2006 on October 2006 were different for the industrial sectors. Capital goods increased by 1.1% in inter-monthly terms, but the other industrial sectors decreased with regard to October. The inter-monthly rate for Energy decreased by 8.0%, Intermediate goods fell by 0.8% and Consumer Goods dropped by 0.2% due to the increase registered by Durable Consumer Goods (1.1%) and the drop in Non-durable Consumer Goods (-0.8%).

Evolution by provinces

By provinces, the inter-annual evolutions of the Industrial production index varied: falling in Álava by 4.4%, decreasing in Bizkaia by 0.4%, and in increasing in Gipuzkoa by 5.9%.

The inter-monthly provincial rates, November 2006 on October 2006, for the provinces were a 0.2% rise in Álava, a 1.8% drop in Bizkaia, and a 0.1% increase in Gipuzkoa.

Table: November 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