Power use drops in February
By Richard Fu |
March 15, 2013, Friday
|
Print Edition
Print Edition
POWER consumption in China declined 12.5 percent from a year earlier to 337.4 billion kilowatt hours in February, official data showed, as factories cut back on operations during the Spring Festival.
The on-year change was distorted because the Spring Festival, a week-long holiday, fell in February this year but in January in 2012.
In the first two months, power use rose 5.5 percent to 789.2 billion kWh, the National Energy Administration said in a statement yesterday.
"The January-February growth rate is still relatively low, and that is expected to rise if the economy keeps recovering," China Merchants Securities wrote in a note.
Power use by the primary industry, which includes agriculture, animal husbandry and fishery, rose 4.3 percent to 12.8 billion kWh in the first two months. The secondary industry, or the industrial sector, saw power use gain 4.2 percent to 552.8 billion kWh. Power use by the tertiary industry, or the service sector, rose 13.8 percent to 106.8 billion kWh in the two months, the NEA said.
The on-year change was distorted because the Spring Festival, a week-long holiday, fell in February this year but in January in 2012.
In the first two months, power use rose 5.5 percent to 789.2 billion kWh, the National Energy Administration said in a statement yesterday.
"The January-February growth rate is still relatively low, and that is expected to rise if the economy keeps recovering," China Merchants Securities wrote in a note.
Power use by the primary industry, which includes agriculture, animal husbandry and fishery, rose 4.3 percent to 12.8 billion kWh in the first two months. The secondary industry, or the industrial sector, saw power use gain 4.2 percent to 552.8 billion kWh. Power use by the tertiary industry, or the service sector, rose 13.8 percent to 106.8 billion kWh in the two months, the NEA said.
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