ID :
194938
Thu, 07/14/2011 - 05:55
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https://oananews.org//node/194938
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S. Korea's industrial power sales grow 9.1 pct in June
SEOUL, July 14 (Yonhap) -- South Korea's industrial electricity sales increased steadily in June, fueled by a rise in demand from the machinery equipment, oil refining and automotive sectors, a government report showed Thursday.
Industrial electricity demand rose 9.1 percent on-year to 21.0 billion kilowatt-hours last month, with growth numbers moving up from a gain of 8.5 percent tallied in May, the report by the Ministry of Knowledge Economy said.
Industrial power sales serve as a barometer of industrial activity because companies use more electricity during times when business is good and cut back to cope with falls in orders.
"Last month's sales were helped by strong demand hikes in machinery and equipment manufacturers, oil refineries and local carmakers," the ministry said.
Demand from machinery and equipment manufacturers shot up 18.1 percent on-year, with sales to local oil refineries and carmakers gaining 14.9 percent and 12.3 percent, respectively.
Demand from shipyards and steelmakers rose 11.5 percent and 11.0 percent each last month with electricity sales to semiconductor manufacturers gaining 9.7 percent.
Industrial power sales cover both the manufacturing and mining businesses, accounting for 59 percent of all domestic electricity sales supplied last month by the state-run Korea Electric Power Corp.
Overall sales of electricity, meanwhile, reached 35.8 billion kilowatt-hours last month, up 5.7 percent from a year earlier, marking the 27th consecutive month of increases. The growth rate compares with a 4.9 percent expansion reported in the previous month.
Total power sales include electricity used by educational institutions, homes, shops, farms and for public use, such as for streetlights, the ministry said.
Industrial electricity demand rose 9.1 percent on-year to 21.0 billion kilowatt-hours last month, with growth numbers moving up from a gain of 8.5 percent tallied in May, the report by the Ministry of Knowledge Economy said.
Industrial power sales serve as a barometer of industrial activity because companies use more electricity during times when business is good and cut back to cope with falls in orders.
"Last month's sales were helped by strong demand hikes in machinery and equipment manufacturers, oil refineries and local carmakers," the ministry said.
Demand from machinery and equipment manufacturers shot up 18.1 percent on-year, with sales to local oil refineries and carmakers gaining 14.9 percent and 12.3 percent, respectively.
Demand from shipyards and steelmakers rose 11.5 percent and 11.0 percent each last month with electricity sales to semiconductor manufacturers gaining 9.7 percent.
Industrial power sales cover both the manufacturing and mining businesses, accounting for 59 percent of all domestic electricity sales supplied last month by the state-run Korea Electric Power Corp.
Overall sales of electricity, meanwhile, reached 35.8 billion kilowatt-hours last month, up 5.7 percent from a year earlier, marking the 27th consecutive month of increases. The growth rate compares with a 4.9 percent expansion reported in the previous month.
Total power sales include electricity used by educational institutions, homes, shops, farms and for public use, such as for streetlights, the ministry said.
