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Wednesday, 24.04.2024, 08:35
Prices for industrial production in Lithuania increased by 0.8% in March
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The overall price change was mainly influenced by a 2.4% increase in prices for the production of the manufacture of refined petroleum products, as well as by a 0.6% decrease in prices for the production of electricity, gas, steam and air conditioning supply (the production of steam and air conditioning supply went down in price by 1.5%, electricity – 0.4%) (see Table 2).
Over the month, prices for industrial production sold on the Lithuanian market increased by 0.2%. The largest increase in prices was observed for the production of manufacture of refined petroleum products (2.8%), chemicals and chemical products (2.6%), while decrease – the production of manufacture of textiles (4.1%), printing and reproduction of recorded media (4%). Prices for food products increased by 0.5%, of which for fruit, berries and vegetable juice – 4.2, prepared feeds for farm animals – 4.1, ice-cream – 3.8%; yet processed and preserved meat went down in price by 2.4%, rusks and biscuits, preserved pastry goods and cakes – 0.9%.
Over the month, prices for products sold on the non-Lithuanian market grew by 1.1%. The increase in prices was observed for the production of extraction of crude petroleum (5.6%), other mining and quarrying (5.1%), while price drop was observed for the production of manufacture of fabricated metal products, except machinery and equipment (2.4%).
Over the month, prices for industrial production sold in the euro area decreased by 0.4%, while in the non-euro area – increased by 2.3%.
Over the year (April 2014, against April 2013), prices for the total industrial production sold decreased by 7.7, refined petroleum products excluded – 3.5%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (18.3%) and an increase in prices for the production of chemicals and chemical products (3.9%).
The largest decrease in prices was observed for the production of extraction of crude petroleum (31.1%), while increase – for the production of water collection, treatment and supply (11.8%).
Table 1. Changes in prices for industrial production sold, April 2015, %
|
Economic activities |
Relative |
Price growth, drop (-) |
||
|
March 2015 |
2014 |
|||
|
December |
April |
|||
|
Total industrial production sold |
100.0 |
0.8 |
1.9 |
−7.7 |
|
Mining and quarrying |
0.9 |
1.7 |
4.5 |
−7.0 |
|
Manufacturing |
86.7 |
0.9 |
3.5 |
−6.6 |
|
Manufacture of refined petroleum products |
22.8 |
2.4 |
12.0 |
−18.3 |
|
Electricity, gas, steam and air
conditioning |
11.5 |
−0.6 |
−10.6 |
−17.7 |
|
Water supply; sewerage, waste
management and |
0.9 |
0.7 |
−3.5 |
5.1 |
|
Total industrial production,
refined petroleum |
77.2 |
0.2 |
−1.1 |
−3.5 |
|
Manufacturing production, refined
petroleum |
63.9 |
0.3 |
0.5 |
−0.8 |
|
Total industrial production sold on the Lithuanian market |
100.0 |
0.2 |
−2.5 |
−8.9 |
|
Mining and quarrying |
1.4 |
−0.3 |
0.6 |
−8.5 |
|
Manufacturing |
69.8 |
0.5 |
0.6 |
−5.5 |
|
Manufacture of refined petroleum products |
11.9 |
2.8 |
1.9 |
−18.4 |
|
Electricity, gas, steam and air conditioning supply |
27.3 |
−0.6 |
−10.6 |
−17.7 |
|
Water supply; sewerage, waste
management and |
1.5 |
0.9 |
−2.2 |
2.0 |
|
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
88.1 |
−0.1 |
−3.1 |
−7.3 |
|
Manufacturing production, refined
petroleum |
57.9 |
0.0 |
0.3 |
−2.2 |
|
Total industrial production sold on the non-Lithuanian market |
100.0 |
1.1 |
5.0 |
−7.0 |
|
Mining and quarrying |
0.5 |
5.2 |
11.8 |
−4.4 |
|
Manufacturing |
98.9 |
1.1 |
5.1 |
−7.1 |
|
Manufacture of refined petroleum products |
30.8 |
2.3 |
14.8 |
−18.3 |
|
Electricity, gas, steam and air conditioning supply |
- |
- |
- |
- |
|
Water supply; sewerage, waste
management and |
0.6 |
−0.3 |
−6.0 |
7.3 |
|
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
69.2 |
0.6 |
0.7 |
0.3 |
|
Manufacturing production, refined
petroleum |
68.1 |
0.5 |
0.7 |
0.2 |
|
Total industrial production sold in the euro area |
100.0 |
−0.4 |
4.1 |
−8.1 |
|
Total industrial production sold in the non- euro area |
100.0 |
2.3 |
5.8 |
−6.1 |
- such a phenomenon (indicator) was not observed during the respective period.
Table 2. The greatest influence on the monthly (April 2015, against March) change in prices for industrial production sold by economic activity, Percentage points
|
EVRK |
Economic activities |
Influence |
EVRK |
Economic activities |
Influence |
|
Total industrial production sold |
|||||
|
19 |
Manufacture of refined petroleum products |
+0.583 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.061 |
|
20 |
Manufacture of chemicals and chemical products |
+0.365 |
25 |
Manufacture of fabricated metal products, except machinery and equipment |
–0.055 |
|
22 |
Manufacture of rubber and plastic products |
+0.030 |
10 |
Manufacture of food products |
–0.045 |
|
08 |
Other mining and quarrying |
+0.012 |
23 |
Manufacture of other non-metallic mineral products |
–0.028 |
|
28 |
Manufacture of machinery and equipment n.e.c. |
+0.012 |
13 |
Manufacture of textiles |
–0.023 |
|
Industrial production sold on the Lithuanian market |
|||||
|
19 |
Manufacture of refined petroleum products |
+0.334 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.152 |
|
10 |
Manufacture of food products |
+0.106 |
23 |
Manufacture of other non-metallic mineral products |
–0.063 |
|
20 |
Manufacture of chemicals and chemical products |
+0.092 |
25 |
Manufacture of fabricated metal products, except machinery and equipment |
–0.062 |
|
16 |
Manufacture of wood and wood products, except furniture |
+0.030 |
18 |
Printing and reproduction of recorded media |
–0.048 |
|
28 |
Manufacture of machinery and equipment n.e.c. |
+0.019 |
13 |
Manufacture of textiles |
–0.037 |
|
Industrial production sold on the non-Lithuanian market |
|||||
|
19 |
Manufacture of refined petroleum products |
+0.752 |
10 |
Manufacture of food products |
−0.148 |
|
20 |
Manufacture of chemicals and |
+0.550 |
25 |
Manufacture of fabricated metal products, except machinery and equipment |
−0.051 |
|
22 |
Manufacture of rubber and plastic products |
+0.040 |
16 |
Manufacture of wood and wood |
−0.017 |
|
08 |
Other mining and quarrying |
+0.021 |
11 |
Manufacture of beverages |
−0.015 |
|
31 |
Manufacture of furniture |
+0.011 |
13 |
Manufacture of textiles |
−0.014 |
____________________________
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 on the issue, please see the Database of Indicators of
Statistics Lithuania.
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