Kamp, B., Sisti, E.
Boletín de Estudios Económicos
Servitization, as the tendency among industrial firms to base an increasing part of their business on services, is assumed to be a surging phenomenon. If this is the case, it can be expected that in aggregate terms, a growing portion of industrial revenues stem from selling services. The present paper analyzes to which extent the manufacturing industry of the Basque Country obtains a growing share of its turnover from services, following up on previous work of Ruiz de Olano Apodaca (2010). Results show that the share that service income represents for Basque industrial sectors remains modest. The paper finishes by providing possible explanations for the observation that the Basque manufacturing industry is either not servitizing substantially or is not obtaining a solid payback from it.