Press Release 09/04/2013
Industrial activity in the Basque Country fell by 6.6% in February 2013
Compared to January, the industrial production index of the Basque Country remained unchanged
Industrial production of the Basque Country in February 2013 fell 6.6% compared to the same month of 2012, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, January 2013, the industrial production of the Basque Country remained unchanged (0.0%), once seasonal effects had been corrected.
By sector, and using the classification of the major industrial sectors, the evolution of the index for February 2013 compared to February 2012 revealed noticeable differences. Equipment Goods were down by 11.0% and Intermediate Goods were down by 7.5%, whereas Energy was up by 4.0% and Consumer Goods as a whole registered a positive variation of 0.2%. The components that make up Consumer Goods also performed unevenly, reflected on the one hand by the downturn experienced by Consumer Durables, 12.6%, and on the other hand by the growth in Consumer Non-Durables, which stood at 3.5%.
The month-on-month variation in deseasonalised terms, February 2013 on January 2013, also registered distinct changes for the main industrial groups. Consumer Goods as a whole were up by 5.8%, with Consumer Non-Durables posting a rise of 7.2% and Consumer Durables also up by 0.2%. Energy registered growth of 1.7%,with regards to January 2013 and Equipment Goods grew by 0.4%. In a negative sense, Intermediate Goods decreased by 1.4%.
All relevant sectors experienced downturns in February 2013 with regards to the same month of the previous year, with the exception of Food, Beverages & Tobacco, which registered a notable increase of 6.3%. Of the remainder, the smallest downturns were in Machinery & Equipment and Metallurgy & Metal Products, with rates of -5.6% and -6.6%, respectively.
On the other hand, the largest decreases were produced in theTransport Materialsector, which posted a year-on-year drop of 16.0%, the Plastics & Rubbersector, which fell by 11.4%, and the Electrical Material & Equipment sector, which registered a fall of 9%.
By province, the February year-on-year performance for the Industrial Production Index was negative in the three provinces: in Gipuzkoa it fell by 9.9%, in Bizkaia it was down by 5.1% and in Álava it dropped by 2.7%. The month-on-month variation rate was negative in Gipuzkoa, where it dropped by 2.0%, whereas in Álava it grew by 3.4% and in Bizkaia it increased by 0.3%, with regards to January 2013.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62
Further press releases on Industrial Production Index of the Basque Country (IPI)
Databank on Industrial Production Index of the Basque Country (IPI)