Analytics, Construction, Lithuania, Real Estate
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 03:28
In June, construction input prices in Lithuania grew by 1.8% y-o-y
Over the month, prices for building materials and products increased by 0.1%. The largest price growth was observed for pipes – 1.3, finishing materials – 0.3%, while decrease – wood products (0.6%), general building materials, electrical engineering materials, insulation materials and concrete and mortar (0.3% each).
As for buildings and structures, the largest price growth over the month was observed for the construction of utility infrastructure (except for wastewater pipelines) – 1%. Renovation of buildings went up in price by 0.6%.
Over the year (June 2015, against June 2014), construction input prices increased by 1.8%. It was conditioned by a 5.7% increase in wages and salaries, 0.4% – hourly labour costs of the operation of construction machines and mechanisms, 0.2% – building materials and products.
As for building materials and products, the largest price growth over the year was observed for pipes – 1.2, general building materials – 1, electrical engineering materials – 0.7%, while price drop – insulation materials (3.5%), finishing materials (1.3%).
As for buildings and structures, the largest price growth over the year was observed for the construction of utility infrastructure (except for wastewater pipelines) – 2.7%. Renovation of buildings went up in price by 2.8%.
Table 1. Changes in construction input prices by type of structure, June 2015, %
Types of structures according to CC1 |
Relative |
Price
growth, June 2015, |
||
May 2015 |
2014 |
|||
December |
June |
|||
All structures |
100.0 |
0.5 |
1.2 |
1.8 |
Residential buildings |
9.7 |
0.4 |
1.4 |
2.0 |
Non-residential buildings |
33.4 |
0.3 |
1.1 |
1.5 |
Administrative |
10.9 |
0.3 |
1.2 |
1.9 |
Industrial |
15.6 |
0.3 |
1.1 |
1.5 |
Trade |
6.9 |
0.3 |
0.8 |
1.1 |
Civil engineering units |
56.9 |
0.6 |
1.3 |
1.9 |
Utility
infrastructure (except for wastewater |
29.1 |
1.0 |
1.8 |
2.7 |
Wastewater pipelines |
9.9 |
0.6 |
1.1 |
1.6 |
Roads and streets |
17.9 |
0.0 |
0.7 |
0.7 |
Renovation of buildings |
x |
0.6 |
2.1 |
2.8 |
x – the indicator is not calculated in such expression
_________________________
1 Classification of Types of Construction – CC
Table 2. Changes in prices for the main construction input component groups, June 2015, %
Construction input component groups |
Relative
share (weight) |
Price
growth, drop (–), June 2015, |
||
May 2015 |
2014 |
|||
December |
June |
|||
Visos statybos sąnaudos |
100.0 |
0.5 |
1.2 |
1.8 |
Total construction costs |
62.7 |
0.1 |
0.0 |
0.2 |
Materials and products |
8.1 |
0.0 |
0.4 |
0.4 |
Operation of machines and mechanisms |
29.2 |
1.2 |
3.6 |
4.9 |
Wages and salaries and overheads |
24.3 |
1.5 |
4.3 |
5.7 |
Wages and salaries |
4.9 |
−0.4 |
−1.0 |
−0.6 |
Table 3. Influence on the overall monthly price change (June 2015, against May) by main construction input component group, percentage points
Construction input component groups |
Influence |
Construction input component groups |
Influence |
Wages and salaries |
+0.435 |
Overheads |
−0.018 |
Materials and products |
+0.067 |
|
|
The influence on the overall change in construction input prices is determined not only by change in the construction input component price but also by the relative share (weight) of that component in the total value of construction.
For more information, see the Database of
Indicators.