Large Spanish Companies’ Electricity Consumption Grows

Total will offer electricity and gas services in SpainTotal will offer electricity and gas services in Spain

Electricity consumption by large and medium-sized companies grew by 2.5% in August from a year earlier.

By sectors, industrial consumption grew by 3.5% and services by 1%. This data has been calculated taking into account calendar and weather effects.

In the eight months to August, large companies’ electricity consumption rose compared to a year ago, taking into account calendar  and weather effects.

Industry consumption grew by 3.2%, while services fell by 1.4% over the period.

Amongst the five main industrial sectors, metallurgy demand grew by 3.1% in August year-on-year, while the chemical industry rose 0.1% and manufacturing of other non-metal mineral products by 8.4%. Demand from the food sector increased by 1.2% and paper by 3.6%.

So positive consumption growth remains, despite the decline in the services sector. In global terms, taking into account remaining consumers, it is worth noting that the market accumulated growth of 1.3% in August, leaving behind the negative data registered in previous years.

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.