Electricity demand in eight countries, including France and the UK, declined at a slower rate for a second month in August, suggesting the recession is easing, according to analysts at Societe Generale SA.
Societe Generale’s Smart Electricity Index, which tracks electricity consumption in France, Italy, Belgium, Greece, Portugal, Denmark, Spain and the UK, dropped 3.5 percent year-to-date in August, analysts, including John Honore, said in a note to investors on September 18.
That compared with a 4.2 decline in July.
(KATHIMERINI, 24/09/2009)