Industrial production in the A. C. of the Basque Country grew by 6.1% in June 2007 with regard to the same month of 2006 in homogenous terms of the working calendar, according to EUSTAT data. Accumulated growth for the first six months of the year was 4.7% in relation to the same period of 2006.

In June 2007, compared to May, industrial production in the A.C. of the Basque Country grew by 1.8%, once seasonal effects had been corrected.

The balance of industrial activity for the first six months of the year closed with a 4.7% increase in the inter-annual rate, helped chiefly by the notable performances of Capital Goods and Intermediate Goods and despite the negative rates shown by the energy sector and by Consumer Goods (especially Consumer Non-Durable Goods).

Inter-annual quarterly growth of the corrected Industrial Production Index of the A.C. of the Basque Country

Source: Eustat

Sector evolution

By sector, and using the classification of the major industrial sectors, the evolution of the index for June 2007 compared to June 2006 shows growth in all sectors: Capital Goods rose by 7.1% and Intermediate Goods by 6.9%, while Energy rose by 5.1% and Consumer Goods did so by 0.7%, as a result of the increase in Consumer Durable Goods (2.8%), whereas Consumer Non-Durable Goods fell by 0.3%.

Inter-monthly variations in June 2007, compared to May 2007, were positive for all the major industrial sectors. Energy was up 7.7%, Capital Goods by 1.5%, Intermediate Goods by 0.1% and Consumer Goods increased by 2.6% with respect to May. Of the two component parts of Consumer Goods, Consumer Durable Goods experienced a 1.8% inter-monthly rise, while Consumer Non-Durable Goods increased by 3.1%, in comparison to May.

Evolution by province

The pattern of inter-annual evolution of the Industrial Production Index by province was positive for all three, growing 7.7% in Gipuzkoa, 5.7% in Bizkaia and also increasing in Álava by 3.8%.

Inter-monthly growth, June 2007 in relation to May 2007, was positive for all three provinces: it increased by 3.8% in Álava, 1.4% in Bizkaia and 1.1% in Gipuzkoa.

Table: JUNE 2007. Variation rates (%) of the Industrial Production Index of the A.C. of the Basque Country.

(1) Variation rate for the period accumulated from January to the last month of year t in relation to the same period of year t-1

Source: Eustat