Analytics, Construction, Lithuania, Real Estate

In July 2015, against June, a decrease in wages and salaries per hour worked was determined by smaller lump sums, bonuses and premiums.

Over the month, prices for construction materials and articles dropped by 0.3%. The largest decrease in prices was observed for pipes (1.2%), insulation materials, concrete and ferroconcrete products (0.2% each), while increase – wood products (0.5%), electrical engineering materials, plumbing materials, concrete and mortar (0.1% each).

Hourly labour costs of the operation of construction machines and mechanisms decreased by just 0.1%.

As for buildings and structures, the largest price drop over the month was observed for the construction of wastewater pipelines – 0.7%. Renovation of buildings went down in price by 0.3%.

Fig.1. Changes in construction input prices over the month, compared to the previous month

Over the year (July 2015, against July 2014), construction input prices increased by 2.3%. It was conditioned by an 8.5% increase in wages and salaries, 0.3% – hourly labour costs of the operation of construction machines and mechanisms.

Over the year, prices for construction materials and articles dropped by 0.1%. The largest decrease in prices was observed for insulation materials (3.5%), finishing materials (1.2%), concrete and ferroconcrete products (0.6%), while increase – wood products (1%), general building materials (0.7%), electrical engineering materials (0.6%).

As for buildings and structures, the largest price growth over the year was observed for the construction of residential buildings – 3.2%. Renovation of buildings went up in price by 3.9%.

Fig.2. Changes in construction input prices over the year, compared to the respective month of the previous year

Table 1. Changes in construction input prices by type of structure, July 2015, %

x – the indicator is not calculated in such expression.
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¹ Classification of Types of Construction – CC.

Table 2. Changes in prices for the main construction input component groups, July 2015, %

Table 3. Influence on the overall monthly price change (July 2015, against June) by main construction input component group

Percentage points

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.