Power generation improves in Dec, but demand remains weak

The deceleration in electricity generation abated in December. Total electricity generation declined 2.1% last month, notably lower than the 6.1% fall in November and 12.9% slump in October.

The improvement reflects the incremental increase in economic activity. The Purchasing Managers’ Indices released earlier this week indicate a sequential increase in services and manufacturing activity in December. Read More

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