Brazil’s households consuming more electric power

Brazilian electric power consumption rose 0.7 percent year-on-year in September despite plummeting industrial demand, according to Business News Americas.

Consumption climbed to 38.8 terawatt-hours, propped up by higher residential electricity use, federal energy planning company EPE said in a bulletin on Thursday.

Brazilian households accounted for 10.5 terawatt-hours, up 2.9 percent on the same period last year.

But industrial demand dipped 4.7 percent to 14.9 terawatt-hours. Despite the fall, the figure represented the smallest decline in industrial consumption since May.

The figures come as Brazil's economy continues to sputter, hit by high inflation, a weakening currency and soaring interest rates.

According to official figures, South America's largest economy contracted by 0.6 percent from April to June, its second successive quarterly decline.

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