Spanish heavy industry warns over energy prices and paralysis ahead of the 29-N election
Spanish industries such as ceramics, paper, chemicals, steel and cement posted timid performance and even output declines in the first half of the year due to high energy costs. According to the AEGE Barometer, an equivalent electro-intensive consumer pays 34% less for electricity in France than in Spain and 12% less in Germany. The government has so far taken no direct measures, and the 29-N elections add uncertainty for the coming months.
In 40 seconds
- Ceramics, paper, chemicals, steel and cement showed a weak first half, with output declines in some cases, due to energy costs
- According to the AEGE Barometer, the final electricity price for an equivalent electro-intensive consumer is 34% lower in France and 12% lower in Germany than in Spain
- The government has so far adopted no direct measures to cushion factories' costs
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IASummary generated by artificial intelligence from a story by ABC. It may contain errors: the original source prevails.
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