AI Data Insight
In May 2026, the cumulative month-on-month growth rate of China's secondary industry electricity consumption fell from 3.0265% in the previous month to -0.3303%, breaking below the zero line. This data significantly conflicts with the official consensus estimate of a 5.1% year-on-year growth for the January to May period. Market analysis suggests that despite strong electricity consumption in high-tech manufacturing, weak electricity demand in traditional industries is likely the key factor dragging down the overall data.