According to the daily data provided by SO UES, electricity consumption in Russia added 0.4% YoY in June.
Electricity consumption in June showed the same YoY growth as it did in May, despite the hot weather (which triggers additional demand from air conditioning) and better calendar impact. Thus, this is the first sign that economy dynamics remained weak in June.
Maxim Oreshkin, Daria Isakova
VTB Capital analyst
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