8月全国制造业用电量同比增长5.5%

Core Insights - In August, China's total electricity consumption reached 10,154 billion kilowatt-hours, marking a year-on-year increase of 5.0% and surpassing the trillion-kilowatt-hour mark for the second consecutive month [1] Industry Analysis - The primary industry consumed 164 billion kilowatt-hours, reflecting a year-on-year growth of 9.7% [1] - The secondary industry accounted for 5,981 billion kilowatt-hours, with a year-on-year increase of 5.0% [1] - The tertiary industry saw electricity consumption of 2,046 billion kilowatt-hours, growing by 7.2% year-on-year [1] Economic Factors - The increase in electricity consumption is attributed to high temperatures and various government policies aimed at boosting consumption, contributing to a recovery in the macro economy [1] - National manufacturing electricity consumption grew by 5.5% year-on-year, the highest rate observed this year [1] - Key sectors such as steel, building materials, non-ferrous metals, and chemicals showed significant recovery, with a combined electricity consumption growth of 4.2%, an increase of 3.7 percentage points from July [1] - High-tech and equipment manufacturing industries demonstrated strong resilience, with a combined electricity consumption growth of 9.1%, exceeding the average growth rate of the manufacturing sector by approximately 4.6 percentage points, and all sub-sectors achieved positive growth [1] - The manufacturing of new energy vehicles and photovoltaic industries also maintained rapid growth in electricity consumption [1]