Albanian Product Price Index 3rd quarter 2010

In the third quarter 2010, Producer Price Index reached 109.8 percent (Year 2005 = 100), signing an increase by 0.9 percent compared with previous quarter. Annual change of this index is 0.4 percent.

Index in “Mining and quarrying” decreased by 2.4 percent. Here we can mention the decrease of index prices of products in “Mining and quarrying of energy producing materials” activity by 3.2 percent. Producer price index in “Manufacturing” sector is increased by 1.4 percent. Within this sector we can mention the increase of index price in “Manufacture of food” activity with 0.9 percent, “Manufacture of tanning and dressing of leather, etc” activity with 1.0 percent and “Manufacture of coke, refined petroleum products and nuclear fuel” activity with 0.4 percent. While the index of producer price in “Manufacture of textile” activity, “Manufacture of electrical and electronic products” activity, have signed a decrease respectively by 10.6 percent. 

Producer Price Index for domestic production reached 108.4 percent signing an increase price by 2.4 percent compared with previous quarter. Here we can mention the increase price of “Manufacturing” sector by 4.1 percent.

Export index price (year 2005 = 100) reached 115.0 percent signing a decrease price by 2.5 percent compared with previous quarter. Here we can mention the decrease of index price in “Manufacture” industry with 2.5 percent and “Mining and quarrying” industry with 4.5 percent.

News source: Instituti i Statistikës link: publication 

Albanian foreign trade in August 2010

During August 2010 were exported 9,713 mln leke commodities, decreasing 27.9 percent compared with July 2010 and increasing 35.9 percent compared with August 2009. There were imported 40,304 mln leke commodities decreasing 9.4 percent compared with July 2010 and increasing 19.5 percent compared with August 2009. This month the trade deficit is 30,591 mln leke signing a decrease of 1.4 percent compared with July 2010 and signing an increase of 15.1 percent compared with August 2009.

Trade with the EU countries is 62.8 percent. The main trade partners remain Italy and Greece. With Italy the export is 47.2 percent and the import 26.6 percent, while with Greece the export is 6.5 percent and the import 12.5 percent. Some of the partner countries with which our export and import is increased are: in exports, Russia, Great Britain, Slovenia, Serbia, Switzerland, USA, etc and in imports, Austria, Greece, Kosovo, Italy, Turkey, Switzerland etc.

The comparison with the previous month of some group commodities shows that:

Export of “Minerals, fuels, electricity” increased 12 percent, etc. Export of group “Leather and leather manufactures” decreased 74.6 percent, “Machinery, equipment spare parts” decreased 43.2 percent, etc.Import of group “Minerals, fuels, electricity” increased 19.9 percent, “Food, beverages, tobacco” increased 8.4 percent. Import of group “Leather and leather manufactures” decreased 56.3 percent, etc.In August 2010, the import of goods with excise is 6,882 mln leke or 17.1 percent of the total import. During this month, the import of goods with excise increased 3 percent, compared with July 2010. Oil fuel products are the main imported goods, 69.6 percent, in the group of goods with excise. 

News source: Instituti i Statistikës link: publication

Albanian labor force second quarter 2010

Labor force during the second quarter 2010 is 1,049,491 persons and the registered unemployment rate is 13.78%. The average number of employed in the private agricultural sector from second quarter 2008 till third quarter 2009 is estimated by Albanian Labor Force Survey 2007, and from the fourth quarter 2009 is estimated by Albanian Labor Force Survey 2008. The average number of employed in private agricultural sector for the second quarter 2010 is  496,190 persons.

In the private non-agricultural sector over the second quarter 2010, the average number of employed has increased by 0.2% compared to the second quarter of the previous year. The average number of registered unemployed over the second quarter is 144,641 persons. The average number of unemployed who receive unemployment benefit is 10,775 The average amount of partial social assistance per family is 3,169 Albanian LEK whereas the average amount of full social assistance is 3,940 LEK.

The minimum wage level according to the Council of Ministers Decision, No 522 of date 13/05/2009 “For the determination of minimum wage at national level” is 18,000 LEK.The base level of unemployment benefit according to the Council of Ministers Decision No 631 of date 11/06/2009 is 6,340 LEK. 

News source: Instituti i Statistikës link: publication