Press Release 08/01/2016

INDUSTRIAL PRODUCTION INDEX. NOVEMBER 2015

Industrial activity in the Basque Country rose by 3.9% in November 2015

The Industrial Production Index saw a growth of 3.6% in the first eleven months of 2015

Industrial production of the Basque Country in November 2015 was up by 3.9% compared to the same month of 2014, in homogeneous terms of the working calendar, according to Eustat data. The balance of the first eleven months of 2015 closed with 3.6% accumulative growth.

Compared to the previous month, October 2015, the industrial production of the Basque Country fell by 0.7%, once seasonal effects had been corrected.

The index was up in November 2015 compared to November 2014 for three of the four main industrial groups. Equipment Goods rose by 13.6%, Intermediate Goods increased by 1.1% and Consumer Goods as a whole were up 1.5%, due to the 5.9% upturn seen in Consumer Durables. Consumer Non-Durables remained unchanged with a 0.0% variation, whereas Energy was down by 2.7%.

The month-on-month variation in November 2015, compared to October 2015, also registered distinct changes for the main industrial groups. Equipment Goods rose by 1.4% and Consumer Goods as a whole rose by 0.1%, due to the fact that Consumer Durables were up by 2.4% and Consumer Non-Durables were down 0.7%. Intermediate Goods dropped by 1.1% and Energy posted a negative variation, 2.3%.

Among the largest sectors in Basque industry, those that saw the most significant growth in the month of November 2015 with regards to year-on-year variations were: Machinery & Equipment, which grew by 20.2%, Timber, Paper & Graphic Arts, up 10.8%, and Transport Material, with an increase of 10.3%.

By contrast, there were drops in the sectors of Electrical Equipment, which posted a year-on-year fall of 5.9%, Electricity, Gas & Steam, which was down by 3.7%, and Food, Beverages & Tobacco, which dropped by 2.0%.

By province, the year-on-year performance of the Industrial Production Index for the month of November was positive in the three Provinces, rising by 6.0% in Gipuzkoa, 3.9% in Álava and 2.0% in Bizkaia. The month-on-month variation rate was positive in Bizkaia, with an increase of 0.3%, but it dropped by 2.0% in Gipuzkoa, whilst in Álava there was a decrease of 0.3% with respect to October 2015.

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)