Press Release 07/03/2022
INDUSTRIAL PRODUCTION INDEX. JANUARY 2022
Industrial activity in the Basque Country rose by 7.0% January 2022
Compared to the previous month, December 2021, the industrial production index increased by 1.5%
The industrial production of the Basque Country was up 7.0% in January 2022 compared to the same month of 2021, in homogeneous terms of the working calendar, according to Eustat data.
Comparing January 2022 with December 2021, the industrial production of the Basque Country was up 1.5%, once corrected for seasonal effects.
The evolution of the index in January 2022 compared to January 2021 was positive for all the major industrial sectors. Energy rose by 14.5%. This sector includes the production and supply of electrical power and oil refining. Capital Goods (which include the manufacture of motor vehicles, construction of locomotives and railway material, naval construction and manufacture of aircraft), increased by 9.7% in relation to January of the previous year.
Consumer Goods, as a whole, posted an increase of 8.8%, with a 10.9% rise in Consumer Non-Durables and a 0.9% increase in Consumer Durables. Included within Consumer Non-Durables are the activities of preparation, processing and conservation of foodstuffs; manufacture of cleaning and hygiene products; and manufacture of clothing. The manufacture of furniture and domestic appliances are, among others, the activities included in the Consumer Durables sector.
Intermediate Goods; which includes the activities of metallurgy, manufacture of metal products, chemical industry and manufacture of rubber and plastic products, increased by 2.7%.
Industrial production index of the Basque Country by province and economic destination of the goods. Rates of variation (p). January 2022
| | Data corrected for calendar effects | Deseasonalised data |
| | m / m-12 | Am / A(m-12) | m / m-1 |
| GENERAL INDEX | | | |
| Basque Country | 7,0 | 7,0 | 1,5 |
| Araba/Álava | 8,9 | 8,9 | 1,9 |
| Bizkaia | 8,4 | 8,4 | 3,9 |
| Gipuzkoa | 4,4 | 4,4 | -0,9 |
| INDEXES BY ECONOMIC DESTINATION OF THE GOODS | | | |
| Consumer goods | 8,8 | 8,8 | 1,4 |
| Durable consumer goods | 0,9 | 0,9 | -5,3 |
| Nondurable consumer goods | 10,9 | 10,9 | 3,1 |
| Equipment goods | 9,7 | 9,7 | -2,3 |
| Intermediate goods | 2,7 | 2,7 | 2,1 |
| Energy | 14,5 | 14,5 | 5,7 |
(p)Provisional data
m / m-12 Year-on-year variation rate of the last observed month (m) compared to the same month of the previous year (m-12)
Am / A(m-12) Year-on-year variation rate for the accumulated period from January to the last month observed (Am) with respect to the same accumulated period in the previous year (A(m-12))
m / m-1 Variation rate of the last observed month (m) compared to the previous month (m-1)
Date March 7, 2022
Source: Eustat. Industrial production index
At a more disaggregated level, among the largest sectors in Basque industry, those that posted the greatest year-on-year growth in January 2022 were Machinery & Equipment, with a rise of 13.5%; Electricity, Gas & Steam, which increased by 11.9%; and Metallurgy & Metal Products, up 8.5%. In contrast, the only sector that posted a decrease in production was Rubber & Plastics, with a drop of 4.5%.
Industrial production index of the Basque Country. Key A38 Sectors (1). Year-on-year growth rates (p). January 2022
| | m / m-12 |
| Food industry, beverages, tobacco products | 6,8 |
| Timber, paperand printing and reproduction | 3,7 |
| Rubber and plastic | -4,5 |
| Metallurgy and metal products | 8,5 |
| Electrical equipment | 4,5 |
| Machinery and equipment | 13,5 |
| Transport material | 6,8 |
| Electricity, gas and steam | 11,9 |
(p)Provisional data
Data corrected for calendar effects
(1)Sectors with greatest weight in basque industry
Date March 7, 2022
Source: Eustat. Industrial production index
The year-on-year evolution of the Industrial Production Index in January 2022 was positive for the three provinces: in Álava growth stood at 8.9%, in Bizkaia the Index increased by 8.4% and, finally, in Gipuzkoa, it rose by 4.4%.
NOTE
Eustat would like to thank all the establishments that have collaborated with gathering information. As a result, the index for January 2022 was calculated with 92.58% coverage of the sample.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.eus Tel.: 945 01 75 62