Eustat

Press release dated 04/08/2010

INDUSTRIAL PRODUCTION INDEX OF THE BASQUE COUNTRY (IPI) JUNE 2010

Industrial activity in the Basque Country rose by 4% in June 2010

Compared to the previous month, May 2010, industrial production in the Basque Country fell by 0.7%

Industrial production in the Basque Country grew by 4.0% in June 2010 with regard to the same month of 2009 in homogenous terms of the working calendar, according to EUSTAT data. Compared to the previous month, May 2010, industrial production in the Basque Country fell by 0.7%, once seasonal effects had been corrected.

By sector, and using the classification of the major industrial sectors, the evolution of the index for June 2010 compared to June 2009 showed a upturn in all sectors, except for Energy which fell by 0.2%: Intermediary Goods rose by 6.7%, Capital Goods by 1.0% and Consumer Goods were up by 6.4% overall, as the result of the increase recorded by both Consumer Durables (11.8%) and Consumer Non-Durables D 5.0%).

The month-on-month variation in June 2010, compared to May 2010, was negative for Intermediary Goods, which were down by 2.1%, and for Capital Goods, which fell by 0.8%. Energy was up by 5.2% and Consumer Goods increased by 3.1% compared to May, as a result of the upturn registered by Consumer Durables (10.1%) and by Consumer Non-durables (1.3%).

The sectors that registered the greatest growth in June 2010 with respect to the same month of the previous year were Rubber & Plastic and Oil Refinery, with rates of 30.2% and 21.5%, respectively.

On the other hand, the Leather and Footwear Industry (-37.1%) and the Metallic and Non-Metallic Minerals sector (-23.5%) registered the sharpest drops in year-on-year rates.

By province, the June year-on-year performance for the Industrial Production Index was positive in Álava, up 13.5%, and in Bizkaia, where it rose by 5.4%. However, it fell by 2.3% in Gipuzkoa. The month-on-month growth rate was negative in Álava and Gipuzkoa, down by 1.1% and 1.3% respectively, on May 2010. There were no noticeable variations in Bizkaia (0.0%).

For further information:

Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Gerardo Pérez Aja
T el:+34-945-01 75 06 F ax:+34-945-01 75 01
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