Albania's industrial sales increased by 12.5% on the year in the first quarter of 2013, speeding up from a 4.3% annual growth recorded in the previous quarter, the statistics office reported.
The turnover in the extracting industry registered the highest growth of 26.8% y/y, which however was slower than the 33.1% y/y increase in Q4 2012. Sales in electricity production witnessed an annual increase of 22.7%. The turnover in the manufacturing reversed to an 8.7% y/y rise after falling 4.4% y/y in the previous quarter.
Employment in the industrial sector declined 1.4% y/y in Q1 2013 with the main contributor being the manufacturing sector.
Wages in overall industry advanced by 13.9% y/y thanks to a strong 52% annual rise in salaries in the extracting industry, 17.8% y/y increase in the electricity sector as well as 4.1% y/y growth in the manufacturing.
|Industrial sales % y/y|
|Electricity, water, gas||32.4||15.1||12.7||18.4||22.7|
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