China’s Power-Generation Growth Slows to 11-Month Low on Economy

May 13, 2014 5:41 am ET

May 13 (Bloomberg) -- China’s power-output growth slowed to the lowest level in 11 months as factory production grew less than expected amid an economic slowdown.

Electricity production grew 4.4 percent to 425 billion kilowatt-hours in April, data from the National Bureau of Statistics showed today. That’s the slowest pace since May 2013, including data for January and February, which was combined because of the Lunar New Year Holiday.

Factory production in April rose 8.7 from a year earlier, today’s data show, compared with the 8.9 percent median estimate by analysts in a survey by Bloomberg News. China’s manufacturing gauge slowed for a fourth month in April.

Thermal power production increased 2 percent from a year earlier to 341.2 billion kilowatt-hours and hydropower output jumped 21 percent to 62 billion, NBS said.

The benchmark price for China’s spot power-station coal with an energy value of 5,500 kilocalories per kilogram at the port of Qinhuangdao was unchanged for a fourth week at 530-540 yuan a metric ton as of May 11, according to data from China Coal Transport and Distribution Association.