Total Electricity Consumption Up 5.8% YoY in Jan-May

Source: National Energy Administration, ChinaScope Financial (Data)

+       Data released by the National Energy Administration (NEA) shows that China’s total electricity consumption was 406.1 billion kWh in May, up 5.2% year-on-year, and was 1.96 trillion kWh in the January-May period, up 5.8% year-on-year.

+       Electricity consumption in the secondary industry grew 3.8% year-on-year in the January-May period, accounting for 73% of total consumption.

+       The slower growth in electricity consumption is seen as a reflection of a cooler macroeconomic climate.

Growth of total electricity consumption declined to 5.2% YoY in May 2012, indicating a slowdown in macro economic activity.

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