Press Release 09/01/2014

INDUSTRIAL PRODUCTION INDEX OF THE BASQUE COUNTRY (IPI) NOVEMBER 2013

Industrial activity in the Basque Country fell by 1.8% in November 2013

Compared to the previous month, October 2013, the industrial production of the Basque Country fell by 1.5%

Industrial production of the Basque Country in November 2013 fell 1.8% compared to the same month of 2012, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, October 2013, the industrial production of the Basque Country fell by 1.5%, once seasonal effects had been corrected.

The evolution of the index for November 2013 compared with November 2012 revealed downturns in Energy, which decreased by 15.1%, and Consumer Goods, which fell by 5.7%, as a result of the drop experienced especially by Consumer Durables, which were down 16.9%, with Consumer Non-durables showing a decrease, though much more moderate (-0.7%). Capital Goods rose by 0.3% and Intermediate Goods did so by 2.8%.

The month-on-month variation for November 2013, on October 2013, was positive for Energy, which registered an upturn of 2.7%, and Intermediate Goods, which increased by 0.2%. Capital Goods posted a drop of 4.9% and Consumer Goods, as a whole, were down by 1.0%, due to the decrease experienced by Consumer Non-durables, which fell by 1.6%, with Consumer Durables rising by 0.6%.

Among the largest sectors in Basque industry which experienced the most marked growth in the month of November 2013 with regards to year-on-year variations are: Transport Material, which registered a positive variation of 6.9%, Food, Beverages and Tobacco Industries, which increased by 1.9%, Metallurgy & Metal Products, which rose by 0.8%, and Machinery and Equipment, which was up 0.4%.

On the other hand, the Electrical Material and Equipment sector, which posted a year-on-year decrease of 13.2%, Electricity, Gas and Steam, which experienced a drop of 7.5% and Timber, Paper and Graphic Arts with a negative rate of 4.7%, all stood out.

By province, year-on-year performance of the Industrial Production Index for the month of November showed positive results in Álava, where it increased by 1.4%, and in Gipuzkoa, where the increase was 0.4%, whereas Bizkaia saw a fall of 5.8%. The month-on-month performance was negative in the three provinces; it fell 2.3% in Gipuzkoa, in Álava it was down by 1.4%, and in Bizkaia it dropped by 0.6% with respect to October 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)