Industrial production in the A.C. of the Basque Country in February 2007, in homogenous terms of the working calendar, grew by 5.5% in relation to the same month of 2006, according to EUSTAT data. In the first two months of the year accumulated growth was 4.4% as regards the same period of 2006.

In February 2007, compared to January, industrial production in the A.C. of the Basque Country grew by 1.4%, once seasonal efects had been corrected.

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

(*) Corrected inter-annual growth for January-February 2007

Source: Eustat

Sector evolution

By sector, using the classification of the major industrial sectors, the evolution of the index for February 2007, compared to February 2006, shows growth for Capital Goods (14.6%) and Intermediate Goods (6.1%). Energy, however, decreased by 10.1%, while Consumer Goods did so by 1.1%, as a consequence of the decrease suffered by Consumer Non-Durable Goods (-3.4%), given that Consumer Durable Goods registered a 3.7% increase.

Inter-monthly variations for February 2007, in relation to January 2007, were positive for the major sectors of Capital Goods (2.4%), Intermediate Goods (1.3%) and Consumer Goods, which increased 0.3% as regards January. Of the two component parts of Consumer Goods, Consumer Durable Goods experienced an inter-monthly rise of 3.8%, whereas Consumer Non-Durable Goods fell by 1.4% in comparison to January. Energy, in turn, experienced a 1.8% fall in relation to the previous month.

Evolution by province

By province, inter-annual evolution of the Industrial Production Index was positive for each one, growing by 8.0% in Gipuzkoa, 5.6% in Álava and 3.3% in Bizkaia.

Inter-monthly growth rates, which is to say February 2007 in relation to January 2007, was similarly positive across the three provinces: in Álava growth was 3.3%; in Bizkaia it was 1.1% and in Gipuzkoa there was a 0.7% increase.

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

(1) Inter-annual variation rate for the period accumulated between February and the latest month of year t compared to the same period of year t-1

Source: Eustat