Analytics, Industry, Lithuania, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 12:03
Prices for industrial production sold in Lithuania reduced by 0.5% in June
Print version
The overall price change was mainly influenced by a 1.4% decrease in prices for the production of the manufacture of refined petroleum products, 2.6% – electricity, gas, steam and air conditioning supply (7.6% – steam and air conditioning supply, 1.7% – gas, while prices for electricity remained almost unchanged), 0.8% – food products, as well as by a 3% increase in prices for chemicals and chemical products (see Table 2).
Over the month, prices for industrial production sold on the Lithuanian market decreased by 1.5%. The largest decrease in prices was observed for the production of manufacture of refined petroleum products (4.1%) and motor vehicles, trailers and semi-trailers (3.4%), while increase – computer, electronic and optical products (1.8%), chemicals and chemical products (1.3%). As for food products, the largest decrease in prices was observed for prepared meals and dishes (3.2%), processed and preserved meat (2.6%), cocoa, chocolate and sugar confectionery (2.3%), meat and poultry meat products (1.5%), milk and cheese products (1.1%); yet oils and fats went up in price by 6.9%, bread and fresh pastry goods – 2.1%.
Over the month, prices for products sold on the non-Lithuanian market grew by 0.1%. The increase in prices was observed for the production of waste collection, treatment and disposal activities, materials recovery (7.5%), manufacture of chemicals and chemical products (3.4%), while price drop was observed for the production of other mining and quarrying (5%), other non-metallic mineral products (4.3%). Over the month, prices for industrial production sold on the euro area market decreased by 0.1%, on the non-euro area market – increased by 0.2%.
Over the year (June 2015, against June 2014), prices for the total industrial production sold decreased by 7, refined petroleum products excluded – 2.1%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (19.1%) and an increase in prices for the production of chemicals and chemical products (13%).
The largest decrease in prices was observed for the production of extraction of crude petroleum (28.5%), while increase – computer, electronic and optical products (8%).
Table 1. Changes in prices for industrial production sold, June 2015, %
|
Economic activities |
Relative |
Price growth, drop (-) |
||
|
May 2015 |
2014 |
|||
|
December |
June |
|||
|
Total industrial production sold |
100.0 |
−0.5 |
1.8 |
−7.0 |
|
Mining and quarrying |
0.9 |
−2.0 |
5.6 |
−6.3 |
|
Manufacturing |
86.7 |
−0.3 |
3.9 |
−6.0 |
|
Manufacture of refined petroleum products |
22.8 |
−1.4 |
12.3 |
−19.1 |
|
Electricity, gas, steam and air
conditioning |
11.5 |
−2.6 |
−14.2 |
−16.7 |
|
Water supply; sewerage, waste
management and |
0.9 |
2.5 |
−2.2 |
−2.0 |
|
Total industrial production,
refined petroleum |
77.2 |
−0.2 |
−1.3 |
−2.1 |
|
Manufacturing production, refined
petroleum |
63.9 |
0.1 |
0.9 |
0.7 |
|
Total industrial production sold on the Lithuanian market |
100.0 |
−1.5 |
−4.1 |
−8.6 |
|
Mining and quarrying |
1.4 |
−0.9 |
2.6 |
−6.5 |
|
Manufacturing |
69.8 |
−1.2 |
−0.4 |
−5.6 |
|
Manufacture of refined petroleum products |
11.9 |
−4.1 |
−1.7 |
−18.8 |
|
Electricity, gas, steam and air conditioning supply |
27.3 |
−2.6 |
−14.2 |
−16.7 |
|
Water supply; sewerage, waste
management and |
1.5 |
−0.1 |
−3.4 |
−11.3 |
|
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
88.1 |
−1.1 |
−4.5 |
−7.0 |
|
Manufacturing production, refined
petroleum |
57.9 |
−0.5 |
−0.1 |
−2.3 |
|
Total industrial production sold on the non-Lithuanian market |
100.0 |
0.1 |
6.1 |
−6.0 |
|
Mining and quarrying |
0.5 |
−3.8 |
11.3 |
−5.9 |
|
Manufacturing |
98.9 |
0.1 |
6.1 |
−6.2 |
|
Manufacture of refined petroleum products |
30.8 |
−0.7 |
16.2 |
−19.2 |
|
Electricity, gas, steam and air conditioning supply |
- |
- |
- |
- |
|
Water supply; sewerage, waste
management and |
0.6 |
7.5 |
0.1 |
10.6 |
|
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
69.2 |
0.5 |
1.6 |
2.7 |
|
Manufacturing production, refined
petroleum |
68.1 |
0.5 |
1.6 |
2.7 |
|
Total industrial production sold on the euro area market |
100.0 |
−0.1 |
5.2 |
−6.6 |
________________
- such a phenomenon (indicator) was not observed during the respective period.
Table 2. The greatest influence on the monthly (June 2015, against May) change in prices for industrial production sold by economic activity, percentage points
|
EVRK Rev. 21 code |
Economic activities |
Influence |
EVRK Rev. 2 code |
Economic activities |
Influence |
|
Total industrial production sold |
|||||
|
20 |
Manufacture of chemicals and |
+0.289 |
19 |
Manufacture of refined petroleum |
–0.352 |
|
14 |
Manufacture of wearing apparel |
+0.050 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.253 |
|
38 |
Waste collection, treatment and disposal activities; materials recovery |
+0.023 |
10 |
Manufacture of food products |
–0.133 |
|
30 |
Manufacture of other transport equipment |
+0.013 |
11 |
Manufacture of beverages |
–0.050 |
|
31 |
Manufacture of furniture |
+0.011 |
23 |
Manufacture of other non-metallic mineral products |
–0.038 |
|
Industrial production sold on the Lithuanian market |
|||||
|
20 |
Manufacture of chemicals and |
+0.047 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.632 |
|
14 |
Manufacture of wearing apparel |
+0.011 |
19 |
Manufacture of refined petroleum |
–0.515 |
|
32 |
Other manufacturing |
+0.009 |
10 |
Manufacture of food products |
–0.151 |
|
26 |
Manufacture of computer, electronic and optical products |
+0.006 |
11 |
Manufacture of beverages |
–0.116 |
|
15 |
Manufacture of leather and related products |
+0.001 |
17 |
Manufacture of paper and paper products |
–0.021 |
|
Industrial production sold on the non-Lithuanian market |
|||||
|
20 |
Manufacture of chemicals and |
+0.451 |
19 |
Manufacture of refined petroleum |
−0.244 |
|
14 |
Manufacture of wearing apparel |
+0.076 |
10 |
Manufacture of food products |
−0.121 |
|
38 |
Waste collection, treatment and disposal activities; materials recovery |
+0.038 |
23 |
Manufacture of other non-metallic mineral products |
−0.056 |
|
31 |
Manufacture of furniture |
+0.032 |
16 |
Manufacture of wood and wood |
−0.048 |
|
30 |
Manufacture of other transport equipment |
+0.021 |
08 |
Other mining and quarrying |
−0.022 |
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.
«The Baltic Course» Is Sold and Stays in Business!
