China’s power consumption is regularly used as a gauge of economic activity.
It rose 8.8% y/y in August
power consumption in primary industry and secondary industry rose 8.7% & 8.9% y/y respectivelyservice sector +10.8% (was +11.2 in July)
For the first eight months of the year, China’s power consumption rose 9% y/y, unchanged from the January-July period.
This article was written by Eamonn Sheridan at www.forexlive.com.
