Eustat

Press release 03/11/2011

INDUSTRIAL PRODUCTION INDEX OF THE BASQUE COUNTRY (IPI) SEPTEMBER 2011

Industrial activity in the Basque Country grew by 0.6% in September 2011

Compared to the previous month, August 2011, the industrial production of the Basque Country fell by 0.6%.

Industrial production in the Basque Country in September 2011 grew 0.6% compared to the same month of 2010, in homogenous terms of the working calendar, according to Eustat data. Compared to the previous month, August 2011, the industrial production of the Basque Country fell by 0.6%, once seasonal effects had been corrected.

By sector, and using the classification of the major industrial sectors, the evolution of the index for September 2011 compared to September 2010 shows noticeable differences. Equipment Goods rose by 11.6%, Intermediate Goods fell 2.0% and production of Consumer Goods as a whole fell by 1.8%, due to the drop experienced, above all, by Consumer Durables, which decreased by 9.5%, whilst Consumer Non-Durables rose by 0.5%. Energy fell by 13.2%.

The month-on-month variation in September 2011, compared to August 2011, also registered distinct changes for the main industrial groups. Equipment Goods rose by 1.1%, Intermediate Goods fell by 2.1% and Energy posted a drop of 1.7%. Consumer Goods as a whole fell by 0.2%, and Consumer Durables posted a decrease of 8.7% whilst Consumer Non-Durables rose by 2.2%.

The key sectors that posted the greatest increases in growth in September 2011 compared to the same month of the previous year were Machinery & equipment and Transport Material, with rates of 21.3% and 13.9%, respectively.

On the other hand, there were drops in Electricity, gas and steam (11.4%), Food, beverages and tobacco (7.1%) and Metallurgy and Metal Products, which posted a year-on-year fall of 5.3%.

By province, year-on-year performance of the Industrial Production Index for the month of September showed positive results in Álava, where it grew by 5.5%, and in Gipuzkoa, where the increase was 1.2%, whereas Bizkaia saw a fall of 2.2%. The month-on-month growth rate was positive in Gipuzkoa, where it rose by 2.9%, whilst there were drops in Álava and Bizkaia of 4.6% and 1.8%, respectively, compared to August 2011.

For further information:

Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel: +34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Gerardo Pérez Aja
Tel: +34-945-01 75 06 Fax:+34-945-01 75 01
Further press releases on Industrial Production Index of the Basque Country (IPI).
Databank on Industrial Production Index of the Basque Country (IPI)