HomeThemesIndustrial production index (IPI)Press releases Industrial activity...

Press Release 04/09/2015

(This release has been revised due to an error in the correction of calendar effects and deseasonalisation process)

INDUSTRIAL PRODUCTION INDEX. JULY 2015

Industrial activity in the Basque Country rose by 3.2% in July 2015

The Industrial Production Index saw a growth of 3.2% in the first seven months of 2015

Industrial production of the Basque Country in July 2015 rose by 3.2% compared to the same month of 2014, in homogenous terms of the working calendar, according to Eustat data. The balance of the first seven months of 2015 also closed with 3.2% growth.

Compared to the previous month, June 2015, the industrial production of the Basque Country fell by 0.9%, once seasonal effects had been corrected.

The evolution of the index for July 2015 compared to July 2014 was positive for Consumer Goods, which rose by 5.5% due to the upturn experienced by Consumer Durables, which increased by 23.7% as Consumer Non-Durables fell by 1.4%; Capital Goods increased by 6.4% and Energy grew by 10.4%. However, Intermediate Goods dropped by 0.7%.

The month-on-month variation in July 2015, compared to June 2015, was positive for Energy, which grew by 3.9%, and for Consumer Goods, which grew by 1.3% as a result of the growth in Consumer Non-Durables, which grew by 2.6%, as Consumer Durables fell by 1.6%. Intermediate Goods were down by 2.1% and Capital Goods were down by 1.9%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of July 2015 with regards to year-on-year variations, were: Machinery & Equipment, which grew by 10.7%; Electricity, Gas & Steam, which rose by 10.1%, and Timber, Paper & Graphic Arts, which was up by 4.7%.

Table 1. Industrial production in the Basque Country. Key Sectors. Year-on-year variation rates. A-38 Sectorisation. Provisional Data
Source: Eustat. Industrial production index

On the other hand, there were decreases in the index of the Plastic & Rubber sector, with a 4.0% drop, and in the index of Metallurgy & Metal Products, which fell by 3.1%.

By province, the year-on-year performance of the Industrial Production Index for the month of July showed an upward trend in the three provinces: in Bizkaia it was up 6.6%, in Álava it rose by 1.7%, and Gipuzkoa saw an increase of 0.8%. The month-on-month variation rate was negative in the three provinces. In Bizkaia it was down 1.6%, in Álava 0.5% and Gipuzkoa experienced a drop of 0.3%, with regards to June 2015.

Table 2. Industrial Production in the Basque Country. Variation rate. Provisional data. July 2015
Source: Eustat. Industrial production index