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Press Release 03/06/2016

INDUSTRIAL PRODUCTION INDEX, APRIL 2016

Industrial activity in the Basque Country fell by 0.7% in April 2016

The industrial production index saw growth of 3.5% in the first quarter of 2016

Industrial production of the Basque Country in April 2016 was down by 0.7% compared to the same month of 2015, in homogenous terms of the working calendar, according to Eustat data. The balance of the first three months of 2016 saw 3.5% growth.

Compared to the previous month, March 2016, the industrial production of the Basque Country fell by 0.9%, once seasonal effects had been corrected.

The evolution of the April 2016 index compared to April 2015 for the Major Industrial Sectors presents distinct variations: Equipment Goods were up 4.8%, Intermediate Goods fell by 1.4% and Energy was down by 8.7%. Consumer Goods as a whole posted a drop of 4.1% due to the decrease experienced by Consumer Durables, which fell by 15.6%, with Consumer Non-Durables rising by 0.6%.

Six of the eight sectors with the most weight in Basque industry revealed negative trends in April 2016 in year-on-year terms. Above all, the sectors of Electrical Material & Equipment, which dropped by 10.3%, and Electricity, Gas & Steam, down 8.3%, stood out.

Conversely, there were increases in the industrial sectors with the most weight, with the Transport Material sector posting growth of 13.5%, and Plastic & Rubber up by 2.6%.

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

By province, year-on-year performance of the Industrial Production Index for the month of April showed positive results in Álava, where it grew by 8.5%; in contrast, Bizkaia posted a fall of 2.2% and in Gipuzkoa there was a drop of 4.1%.

The month-on-month variation rate was negative in the three provinces. In Álava it dropped by 0.6%, and in Bizkaia, where it was down 1.3%, whereas in Gipuzkoa it was down by 0.8% compared to March 2016.