China Power Consumption Grows at Fastest Pace in 9 Months
China’s power consumption increased at the fastest pace in nine months in November as its economy showed signs of a recovery.
Electricity use rose 7.6 percent last month from a year earlier to 413.9 billion kilowatt-hours, the National Energy Administration said on its website today. That’s the biggest gain since February, the data show.
China’s power demand advanced in November as industrial output and retail sales grew at the fastest pace since March, government data show. The nation’s manufacturing may accelerate in December, according to a preliminary purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics.
Secondary industries, which include typically energy- intensive mining, manufacturing and construction companies, consumed 7 percent more electricity last month than a year ago, today’s report showed. Power demand by primary industries, which include agriculture, fell 0.7 percent, while electricity use by the tertiary sector, including services and logistics, increased 12.4 percent.
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