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Prices for the Lithuanian industrial production sold decreased by 4.3% in December
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The overall change in prices was mainly influenced by a 15.4% decrease in prices for the production of the manufacture of refined petroleum products, 1.1% – electricity, gas, steam and air conditioning supply (gas went down in price by 3.5, electricity – 0.3, steam and air conditioning supply – 0.1%), as well as by a 0.6% increase in prices for the production of the manufacture of rubber and plastic products (see Table 2).
Over the month, prices for industrial production sold on the Lithuanian market dropped by 2%. The largest decrease in prices was observed for the production of extraction of crude petroleum (12.3%) and manufacture of refined petroleum products (11.4%), while an increase in prices was observed for the production of repair and installation of machinery and equipment (2.3%). Prices for food products increased by 0.3%, of which prepared feeds for farm animals – by 7.7, processed and preserved fruit and vegetables – 3.1%. Meanwhile, prices for fruit, berry and vegetable juices decreased by 9.7, sugar – 4.2, oil and fats – 3.2%.
 |
| Monthly price changes for industrial production, compared to the previous month |
Over the month, prices for products sold on the non-Lithuanian market dropped by 6%. A decrease in prices was observed for the production of extraction of crude petroleum (20%), manufacture of refined petroleum products (16.5%) and base metals (1.7%), an increase – for the production of the manufacture of other transport equipment (0.7%).
Over the year (December 2014, against December 2013), prices for the total industrial production sold decreased by 10.4, refined petroleum products excluded – by 3.4%. The overall change in prices was mainly influenced by a 28.1% decrease in prices for the production of the manufacture of refined petroleum products and a 1.2% increase in prices for the production of the manufacture of chemicals and chemical products. The largest decrease in prices was observed for the production of extraction of crude petroleum (31.7%) and printing and reproduction of recorded media (14.1%), increase – for the production of water collection, treatment and supply (14.4%) and manufacture of tobacco products (12.9%).
Table 1. Changes in prices for industrial production sold, December 2014, %
|
Economic activities |
Relative |
Price growth, drop (−) |
|
|
November 2014 |
December 2013 |
||
|
Total industrial production sold |
100.0 |
−4.3 |
−10.4 |
|
Mining and quarrying |
0.9 |
−4.5 |
−12.5 |
|
Manufacturing |
86.1 |
−4.8 |
−10.5 |
|
Manufacture of refined petroleum products |
28.6 |
−15.4 |
−28.1 |
|
Electricity, gas, steam and air
conditioning |
12.1 |
−1.1 |
−10.6 |
|
Water supply; sewerage, waste
management and |
0.9 |
−2.0 |
4.5 |
|
Total industrial
production, refined petroleum |
71.4 |
−0.5 |
−3.4 |
|
Manufacturing
production, refined petroleum |
57.5 |
−0.2 |
−1.8 |
|
Total industrial production sold on the Lithuanian market |
100.0 |
−2.0 |
−8.3 |
|
Mining and quarrying |
1.3 |
−3.3 |
−11.1 |
|
Manufacturing |
68.5 |
−2.3 |
−7.4 |
|
Manufacture of refined petroleum products |
14.1 |
−11.4 |
−22.4 |
|
Electricity, gas, steam and air conditioning supply |
29.0 |
−1.1 |
−10.6 |
|
Water supply; sewerage, waste
management and |
1.2 |
−2.3 |
3.1 |
|
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
85.9 |
−0.5 |
−5.9 |
|
Manufacturing
production, refined petroleum |
54.4 |
−0.1 |
−3.5 |
|
Total industrial production sold on the non-Lithuanian market |
100.0 |
−6.0 |
−12.0 |
|
Mining and quarrying |
0.5 |
−6.7 |
−14.9 |
|
Manufacturing |
98.7 |
−6.1 |
−12.1 |
|
Manufacture of refined petroleum products |
38.9 |
−16.5 |
−29.6 |
|
Electricity, gas, steam and air conditioning supply |
- |
- |
- |
|
Water supply; sewerage, waste
management and |
0.8 |
−1.6 |
6.0 |
|
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
61.1 |
−0.4 |
−0.8 |
|
Manufacturing
production, refined petroleum |
59.8 |
−0.3 |
−0.7 |
- such a phenomenon (indicator) was not observed during the respective period.
Table 2. Greatest influence on the monthly (December 2014, against November) change in prices for industrial production sold by economic activity, percentage points
|
EVRK |
Economic activities |
Influence |
EVRK |
Economic activities |
Influence |
|
Total industrial production sold |
|||||
|
22 |
Manufacture of rubber and plastic products |
+0.021 |
19 |
Manufacture of refined petroleum |
−3.988 |
|
33 |
Repair and installation of machinery and equipment |
+0.019 |
35 |
Electricity, gas, steam and air conditioning supply |
−0.131 |
|
14 |
Manufacture of wearing apparel |
+0.008 |
10 |
Manufacture of food products |
−0.080 |
|
16 |
Manufacture of wood and wood |
+0.006 |
06 |
Extraction of crude petroleum |
−0.042 |
|
28 |
Manufacture of machinery and equipment not elsewhere classified |
+0.005 |
20 |
Manufacture of chemicals and |
−0.033 |
|
Industrial production sold on the Lithuanian market |
|||||
|
10 |
Manufacture of food products |
+0.067 |
19 |
Manufacture of refined petroleum |
−1.513 |
|
22 |
Manufacture of rubber and plastic products |
+0.041 |
35 |
Electricity, gas, steam and air conditioning supply |
−0.315 |
|
33 |
Repair and installation of machinery and equipment |
+0.041 |
18 |
Printing and reproduction of |
−0.072 |
|
17 |
Manufacture of paper and paper products |
+0.009 |
20 |
Manufacture of chemicals and |
−0.058 |
|
28 |
Manufacture of machinery and equipment not elsewhere classified |
+0.009 |
11 |
Manufacture of beverages |
−0.054 |
|
Industrial production sold on the non-Lithuanian market |
|||||
|
16 |
Manufacture of wood and wood |
+0.018 |
19 |
Manufacture of refined petroleum |
−5.762 |
|
14 |
Manufacture of wearing apparel |
+0.012 |
10 |
Manufacture of food products |
−0.184 |
|
30 |
Manufacture of other transport equipment |
+0.008 |
06 |
Extraction of crude petroleum |
−0.036 |
|
22 |
Manufacture of rubber and plastic products |
+0.007 |
23 |
Manufacture of other non-metallic mineral products |
−0.020 |
|
25 |
Manufacture of fabricated metal products, except machinery and equipment |
+0.005 |
17 |
Manufacture of paper and paper products |
−0.015 |
________________
1 National version of
NACE Rev. 2.
The overall change in prices for industrial production sold is influenced not
only by the rate of change in the price of a certain product but also by the
relative share (weight) of the industrial production sold within certain
economic activity in the total industrial production.
For more information, see the Database of Indicators.
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