Press Release 07/09/2009

INDUSTRIAL PRODUCTION INDEX (IPI) JULY 2009

Industrial activity in the Basque Country fell by 25.9% in July 2009

With respect to the previous month, June 2009, it was down by 1.9%

Industrial production in the Basque Country fell. by 25.9% in July 2009 compared to the same month of 2008 in homogenous terms of the working calendar, according to EUSTAT data.

Compared to the previous month, June 2009, industrial production in the Basque Country fell by 1.9%, once seasonal effects had been corrected.

Sector evolution

By sector, and using the major industrial sector classification, the evolution of the index for July 2009 compared to July 2008 showed decreases in all sectors: Capital goods fell by 32.3%, Intermediary Goods by 29.6%, Energy was down by 12.2% and Consumer Goods decreased by 11.7%, mainly as the result of the drop recorded by Consumer Durables (-35.1%), as Consumer Non-Durables fell more moderately (- 2.4%).

Month-on-month fluctuations in July 2009, compared to June 2009, were negative in the main industrial sectors: Capital Goods fell by 2.0%, Intermediate Goods by 2.4% and Energy was down by 2.5%. Consumer Goods, as a whole, fell by 0.4%, as the result of the decrease in Consumer Durables (-3.0%), as Consumer Non-Durables rose by 0.3%.



Evolution by province

The pattern of the year-on-year evolution of the Industrial Production Index by province was negative in the three provinces: it was down by 28.5% in Álava, by 25.8% in Bizkaia and by 24.7% in Gipuzkoa.

The month-on-month rates, July 2009 compared to June 2009, for the three provinces were negative: there were down by 1.3% in Álava, 1.6% in Bizkaia and 2.4% in Gipuzkoa.

For further information:

Basque Statistics Office C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Tel.: +34-945-01 75 00 Fax: +34-945-01 75 01 E-mail: eustat@eustat.es Contact: Gerardo Pérez Aja T el:+34-945-01 75 06 F ax:+34-945-01 75 01 Online press releases: www.eustat.es Databank: www.eustat.eus/bancopx/english/indice.aspx