Press Release 23/05/2024
INDUSTRIAL PRICE INDEX. APRIL 2024
Industrial prices in the Basque Country fell by 0.3% in April 2024 in relation to the previous month
Compared to April 2023, industrial prices recorded a 6.2% decrease
Industrial prices in the Basque Country fell by 0.3% in April 2024 in relation to the previous month, according to Eustat data. The year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, recorded a fall of 6.2%.
A more detailed analysis reveals that in April 2024, the sectors that recorded the most pronounced decreases in their prices, in respect of the previous month, were: Electricity, Gas and Steam, with a drop of 4.4%; Manufacture of pharmaceutical products and Manufacture of Computer, Electronic & Optical Products, both down 0.7%. Conversely, the sectors that experienced a month-on-month increase in their prices were Chemical Industry and Water, both up 1.3%, and Coke plants and oil refining, with a rise of 1.0%.
According to the classification of goods by economic destination, Energy prices decreased by 1.2% compared to March 2024. Consumer Goods experienced a 0.2% increase in prices, explained by the 0.2% rise in prices of Consumer Non-durables, as well as by the performance of prices of Consumer Durables, which also rose by 0.2%. Prices of Intermediate Goods fell 0.2%, while those of Capital Goods were up 0.1%.
In year-on-year terms, April 2024 on April 2023, the greatest decreases in prices occurred within the branches of Electricity, Gas & Steam, with a fall of 41.7%, and Timber, Paper & Graphic Arts, down 5.7%. In contrast, the prices that experienced the greatest increases in year-on-year terms were found in the branches of Extraction Industries, with a rise of 10.7%, and Manufacture of Electrical Material & Equipment, up 8.0%.
Industrial Price Index of the Basque Country. Variation rate (p). April 2024
| | INDEX | % VARIATION |
| | | m / m-1 | m / m-12 |
| GENERAL INDEX | 122,8 | -0,3 | -6,2 |
| | | | |
| SECTOR DIVISIONS | | | |
| Mining and quarrying | 138,6 | 0,2 | 10,7 |
| Manufacturing industry | 130,0 | 0,1 | -0,2 |
| Manufacture of food products, beverages and tobacco products | 131,2 | 0,0 | -1,9 |
| Textile industry, garments, leather & shoes | 113,4 | 0,7 | 1,2 |
| Manufacture of wood and paper products, and printing | 140,8 | 0,3 | -5,7 |
| Coke and refined petroleum | 142,0 | 1,0 | 1,8 |
| Chemical industry | 146,6 | 1,3 | -3,0 |
| Manufacture of pharmaceutical products | 131,8 | -0,7 | 3,5 |
| Rubber, plastic and other non-metallic mineral products | 120,7 | 0,6 | -2,3 |
| Metallurgy and metal products | 138,9 | -0,5 | -0,9 |
| Manufacture of computer, electronic and optical products | 120,7 | -0,7 | -1,0 |
| Manufacture of electrical equipment | 120,0 | 0,0 | 8,0 |
| fabricacion de maquinaria y equipo n.e.c | 116,8 | 0,0 | 1,5 |
| Manufacture of transport material | 115,0 | 0,1 | 1,6 |
| Furniture; other industries; repair and installation | 122,1 | 0,8 | 0,1 |
| Electricity, gas and steam | 78,6 | -4,4 | -41,7 |
| Water | 136,2 | 1,3 | 3,0 |
| | | | |
| BY MAJOR INDUSTRIAL SECTORS | | | |
| Consumer goods | 129,3 | 0,2 | -0,1 |
| Durable consumer goods | 121,1 | 0,2 | 13,2 |
| Nondurable consumer goods | 130,6 | 0,2 | -1,9 |
| Equipment goods | 120,0 | 0,1 | 0,8 |
| Intermediate goods | 134,2 | -0,2 | -1,3 |
| Energy | 105,5 | -1,2 | -24,5 |
Base 2015=100
(p)Provisional data
m / m-1: Variation rate of the last observed month (m) compared to the previous month (m-1)
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)
Date May 23, 2024
Source: Eustat Industrial prices index
The fluctuation in year-on-year terms of prices in all the large goods groups by economic destination was negative in Energy, where there was a 24.5% decrease, and Intermediate Goods, down 1.3%. Prices of Consumer Goods fell by 0.1%, explained by the 13.2% increase in prices of Consumer Durables and the 1.9% decrease in those of Consumer Non-Durables. However, prices of Capital Goods registered growth of 0.8%.
NOTE
Eustat would like to thank all the establishments that have collaborated in this effort. As a result, the index for this month was calculated with 93.49% 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