Source: The National Statistics Office            Date: 15 June, 2011

The data relate to May 2011 or to the five months up to the end of May, unless otherwise stated. Comparisons are either with April, or the corresponding period last year, unless, again, otherwise stated.

Consumer price index

The national consumer price index in May increased by 1.8 percent against the previous month, by 4.3 percent over December 2010, and by 4.2 percent over May, 2010.

Unemployment

The number of unemployed people registered at Labor and Welfare Service Divisions as actively looking for a job stood at 42,800 at the end of May, 2011, rising 10.6 percent over the same period last year.

Household income, expenditure

Average household monetary income per month in the 1st quarter of 2011 stood at MNT 453,500, increasing by MNT 60,500 or 15.4 percent over the corresponding period last year. The average expenditure was MNT 487,200, a rise of MNT 109,100 or 28.9 percent.

Budget and tax receipts

The General Government Budget showed a surplus of MNT89.0 billion in the first 5 months of 2011. The corresponding period in 2010 had shown a deficit of MNT169.8 billion. The surplus in the current account amounted to MNT269.2 billion.

Compared to the same period last year, tax revenue increased by 58.0 percent. Tax receipts from goods and services rose 77.6 percent, from others 2.6 times, from foreign trade 97.7 percent, from social security contributions 46.3 percent, and from income tax 1.9 times.

Foreign trade|

Turnover of trade with 110 countries in the first 5 months of 2011 reached USD3,695.6 million, with exports accounting for USD1,578.0 million and imports for USD2,117.6 million. The deficit balance of USD539.5 million was 9 times more than in the same period of 2010. The deficit in May was USD118.1 million, against a surplus of USD33.2 million in May 2010.

Industrial output

Industrial output in the first 5 months of 2011 rose 8.6 percent, at 2005 constant prices.

Freight, passenger traffic

Freight carried by the railway in the first 5 months of 2011 rose 14.4 percent over the same period of 2010, and the number of passengers rose 8.2 percent. Railway revenue increased 33.4 percent in a similar comparison. The volume of air freight rose 27.5 percent, while the increase in the number of passengers was 54.1 percent. Revenue was 32.9 percent higher.

Social insurance, social welfare

Workers at Government-budgeted organizations accounted for 39.1 percent of the total 488,500 persons registered under social insurance in the first five months of 2011, while the remaining 60.9 percent were from private establishments. Compared to the same period last year, the number of insured people increased by 11.0 percent, that of insured private establishments by 13.0 percent, and that of insured government-budgeted organization by 7.9 percent.

The number of people receiving social welfare pensions and benefits in the first five months was 0.3 percent less than in the corresponding period last year, but the total amount paid showed an increase of 26.4 percent. MNT 285.7 billion was distributed to 2.5 million people from the Human Development Fund.

Share trading

Altogether 2.1 million shares valued at MNT 2.2 billion were traded in May, which had 22 trading days.