Spanish Sep industrial power demand drops 6.6% on year

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Barcelona —
Spain’s industrial fell 6.6% year-on-year in , a seventeenth straight month of declines, leading the overall industrial consumer index to a 6% decline year on year, operator Red Eléctrica de España said Tuesday.

September’s fall was led by the paper and sectors, among others.

The metals sector has been the weakest performer over the last 12 months, reducing demand 11.2% year on year due to a number of plant closures and because of strong competition and rising CO2 costs.

However, some sectors are showing some signs of recovery. Power demand for vehicle manufacturing slowed its fall to 1.7% in September compared with a 12-month decline of 10.8% while the chemicals sectors also experienced a slower decrease of 4.1% compared with the 12-month drop of 5.9%.

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The service sector also showed some recovery, with adjusted September demand down just 0.3% – its smallest year-on-year fall in six months.

The monthly IRE index tracks demand from 21,500 Spanish consumers with a contracted capacity above 450 kW.

The falls in large-user demand have continued to weigh on Spanish overall demand, which in September fell 3.9% year on year to 19.6 TWh, according to REE.

SPAIN: LARGE CONSUMER INDEX, SEPTEMBER 2019

Index weight (%)
Sep 19 (% change)
Last 12 months (% change)
Metals
23.3
-12.9
-11.2
Chemical
8.1
-4.1
-5.9
Non-metal
6.2
1.1
1.8
Food
5.7
2.8
1.6
Paper
5.4
-17.4
-2.1

4.8
-2.4
-2.6
Public transport
4.2
0.5
-1.4
Rubber,
4.0
-2.3
-2.8
Vehicle manufacturing
2.7
-1.7
-10.8
Public administration
2.6
2.7
-0.1


Source: Red Eléctrica de España.

— Gianluca Baratti, newsdesk@spglobal.com

— Edited by Jonathan Dart, jonathan.dart@spglobal.com

Source: Platts

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