Press Release 03/11/2009

INDUSTRIAL PRODUCTION INDEX (IPI) SEPTEMBER 2009

Industrial activity in the Basque Country fell by 20% in September 2009

With respect to the previous month, August 2009, it was down by 0.3%

Industrial production in the Basque Country fell by 20.0% in September 2009 compared to the same month of 2008 in homogenous terms of the working calendar, according to EUSTAT data.

Compared to the previous month, August 2009, industrial production in the Basque Country fell by 0.3%, once seasonal effects had been corrected.

Sector evolution

By sector, and using the major industrial sector classification, the evolution of the index for September 2009 compared to September 2008 showed decreases in all sectors. Capital goods fell by 24.8%, Intermediary Goods by 22.6%, Energy was down by 15.1% and Consumer Goods decreased by 9.6%, mainly as the result of the drop in Consumer Durables (-21.5%), as Consumer Non-Durables fell much more moderately (- 4.8%).



Month-on-month fluctuations in September 2009, compared to August 2009, were negative in all sectors except in Consumer Goods, which were up by 0.2%, as a result of the increases in Consumer Durables (0.4%) and Consumer Non-Durables (0.1%). Energy fell by 2.2%, Intermediary goods by 0.6% and Capital Goods 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: Álava decreased by 16.7%, Bizkaia by 20.0% and Gipuzkoa was down by 21.8%.

The accumulated year-on-year rates until September kept Álava with lower growth than in the other two provinces. Specifically, Álava posted a negative accumulated rate of -27.8%, Bizkaia of -22.3% and Gipuzkoa of -23.8%.

The month-on-month rates, September 2009 compared to August 2009, for the three provinces were negative for Bizkaia (-0.5%) and Gipuzkoa (-1.3%), while Álava registered an increase of 1.9%.

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 Databankwww.eustat.eus/bancopx/english/indice.aspx