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Prices for industrial production in Lithuania decreased by 2% in July
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The overall price change was mainly influenced by a 6.8% decrease in prices for the production of the manufacture of refined petroleum products, 2.6% – chemicals and chemical products, 0.7% – food products, as well as by a 1.1% increase in prices for electricity, gas, steam and air conditioning supply (gas went up in price by 2.6%, steam and air conditioning supply – 1.9%, while electricity went down in price by 0.2%) (See Table 2).
Over the month, prices for industrial production sold on the Lithuanian market decreased by 0.2%. The largest decrease in prices was observed for the production of manufacture of refined petroleum products (3.4%), printing and reproduction of recorded media (3.4%), while increase – manufacture of leather and related products (2.8%), rubber and plastic products (2.3%). As for food products, the largest decrease in prices was observed for fruit, berry and vegetable juice (6.7%), sugar (5.1%), bread and fresh pastry (4.3%); yet an increase in prices was observed for prepared pet food (10.7%), rusks and biscuits, preserved pastry goods and cakes (3.8%).
Over the month, prices for products sold on the non-Lithuanian market dropped by 3.1%. A decrease in prices was observed for the production of extraction of crude petroleum (12.9%), refined petroleum products (7.6%) while increase – manufacture of other non-metallic mineral products (2.6%), computer, electronic and optical products (2.2%). Over the month, prices for industrial production sold on the euro area market decreased by 4.2%, on the non-euro area market – 2.3%.
Over the year (July 2015, against July 2014), prices for the total industrial production sold decreased by 8.8%, refined petroleum products excluded – 2.3%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (24.6%) and an increase in prices for the production of chemicals and chemical products (10.1%). The largest decrease in prices was observed for the production of extraction of crude petroleum (36.1%), while increase – manufacture of chemicals and chemical products (10.1%).
Table 1. Changes in prices for industrial production sold, July 2015, %
|
Economic activities |
Relative |
Price growth, drop (-) |
||
|
June 2015 |
2014 |
|||
|
December |
July |
|||
|
Total industrial production sold |
100.0 |
−2.0 |
−0.1 |
−8.8 |
|
Mining and quarrying |
0.9 |
−2.3 |
2.1 |
−9.9 |
|
Manufacturing |
86.7 |
−2.3 |
1.6 |
−8.2 |
|
Manufacture of refined petroleum products |
22.8 |
−6.8 |
5.0 |
−24.6 |
|
Electricity, gas, steam and air
conditioning |
11.5 |
1.1 |
−13.3 |
−14.1 |
|
Water supply; sewerage, waste
management and |
0.9 |
−2.2 |
−4.3 |
−7.0 |
|
Total industrial production,
refined petroleum |
77.2 |
−0.3 |
−1.7 |
−2.3 |
|
Manufacturing production, refined
petroleum |
63.9 |
−0.5 |
0.4 |
0.0 |
|
Total industrial production sold on the Lithuanian market |
100.0 |
−0.2 |
−4.2 |
−8.4 |
|
Mining and quarrying |
1.4 |
−0.6 |
−0.2 |
−9.4 |
|
Manufacturing |
69.8 |
−0.6 |
−0.7 |
−6.3 |
|
Manufacture of refined petroleum products |
11.9 |
−3.4 |
−3.4 |
−21.5 |
|
Electricity, gas, steam and air conditioning supply |
27.3 |
1.1 |
−13.3 |
−14.1 |
|
Water supply; sewerage, waste
management and |
1.5 |
−1.3 |
−4.6 |
−12.3 |
|
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
88.1 |
0.2 |
−4.3 |
−6.3 |
|
Manufacturing production, refined
petroleum |
57.9 |
−0.1 |
−0.2 |
−2.5 |
|
Total industrial production sold on the non-Lithuanian market |
100.0 |
−3.1 |
2.8 |
−9.1 |
|
Mining and quarrying |
0.5 |
−5.2 |
5.6 |
−10.7 |
|
Manufacturing |
98.9 |
−3.1 |
2.8 |
−9.2 |
|
Manufacture of refined petroleum products |
30.8 |
−7.6 |
7.3 |
−25.4 |
|
Electricity, gas, steam and air conditioning supply |
- |
- |
- |
- |
|
Water supply; sewerage, waste
management and |
0.6 |
−3.9 |
−3.8 |
−0.6 |
|
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
69.2 |
−0.8 |
0.8 |
1.6 |
|
Manufacturing production, refined petroleum |
68.1 |
−0.8 |
0.8 |
1.7 |
|
Total industrial production sold on the euro area market |
100.0 |
−4.2 |
0.8 |
−11.1 |
|
Total industrial production sold on the non- euro area market |
100.0 |
−2.3 |
4.4 |
−7.6 |
- such a phenomenon (indicator) was not observed during the respective period.
Table 2. The greatest influence on the monthly (July 2015, against June) change in prices for industrial production sold by economic activity, percentage points
|
EVRK |
Economic activities |
Influence |
EVRK |
Economic activities |
Influence |
|
Total industrial production sold |
|||||
|
35 |
Electricity, gas, steam and air conditioning supply |
+0.104 |
19 |
Manufacture of refined petroleum |
–1.722 |
|
33 |
Repair and installation of machinery and equipment |
+0.042 |
20 |
Manufacture of chemicals and |
–0.261 |
|
22 |
Manufacture of rubber and plastic products |
+0.023 |
10 |
Manufacture of food products |
–0.109 |
|
26 |
Manufacture of computer, electronic and optical products |
+0.014 |
14 |
Manufacture of wearing apparel |
–0.027 |
|
13 |
Manufacture of textiles |
+0.010 |
38 |
Waste collection, treatment and disposal activities; materials recovery |
–0.021 |
|
Industrial production sold on the Lithuanian market |
|||||
|
35 |
Electricity, gas, steam and air conditioning supply |
+0.262 |
19 |
Manufacture of refined petroleum |
–0.425 |
|
22 |
Manufacture of rubber and plastic products |
+0.075 |
10 |
Manufacture of food products |
–0.088 |
|
25 |
Manufacture of fabricated metal products, except machinery and equipment |
+0.031 |
18 |
Printing and reproduction of recorded media |
–0.040 |
|
20 |
Manufacture of chemicals and |
+0.024 |
23 |
Manufacture of other non-metallic mineral products |
–0.028 |
|
17 |
Manufacture of paper and paper products |
+0.017 |
38 |
Waste collection, treatment and disposal activities; materials recovery |
–0.020 |
|
Industrial production sold on the non-Lithuanian market |
|||||
|
33 |
Repair and installation of machinery and equipment |
+0.059 |
19 |
Manufacture of refined petroleum |
−2.573 |
|
23 |
Manufacture of other non-metallic mineral products |
+0.033 |
20 |
Manufacture of chemicals and |
−0.447 |
|
26 |
Manufacture of computer, electronic and optical products |
+0.027 |
10 |
Manufacture of food products |
−0.123 |
|
13 |
Manufacture of textiles |
+0.021 |
14 |
Manufacture of wearing apparel |
−0.034 |
|
11 |
Manufacture of beverages |
+0.007 |
38 |
Waste collection, treatment and disposal activities; materials recovery |
−0.021 |
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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