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In June, construction input prices in Lithuania grew by 1.8% y-o-y

Viktorija Malinovskaja, Statistics Lithuania, 30.07.2015.Print version
Statistics Lithuania informs that in June 2015, compared to May, construction input prices increased by 0.5%. The change was mainly influenced by a 1.5% increase in wages and salaries. Over the year (June 2015, against June 2014), construction input prices increased by 1.8%.

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
share (weight)
of the construction
work carried out
by type of structure
in the total value
of new construction

Price growth, June 2015,
against

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
pipelines)

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)
of construction input
component groups
in the total value of
construction

Price growth, drop (–), June 2015,
against

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.






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