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Friday, 26.04.2024, 19:23
Construction input prices in Lithuania increased by 0.7% in April
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The increase in the average hourly pay in April, against March, was conditioned by larger lump sum payments, bonuses and premiums.
Over the month, prices for building materials and products increased by 0.3%. The largest increase in prices over the month was observed for pipes – 1.2%; metal and plumbing materials went up in price by 0.2% each, while insulation materials went down in price by 0.1%.
As for building structures, the largest price growth over the month was observed for the construction of utility infrastructure (except for wastewater pipelines) – 1.3%. Renovation of buildings went up in price by 0.8%.
 |
| Fig.1. Changes in construction input prices over the month, compared to the previous month |
Over the year (April 2016, against April 2015), construction input prices increased by 1.2%. It was conditioned by a 5.3% increase in wages and salaries.
Over the year, prices for building materials and products dropped by 0.5%. The largest decrease in prices was observed for insulation materials – 3.4, concrete and mortar – 2.6, metal and electrical engineering materials – 1% each, while increase – pipes – 1.9, plumbing materials – 0.6%.
As for buildings and structures, the largest price growth over the year was observed for the construction of utility infrastructure (except for wastewater pipelines) – 2.8%. Renovation of buildings went up in price by 2.5%.
 |
| 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, April 2016, %
|
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, drop (–), April
2016, |
||
|
March 2016 |
2015 |
|||
|
December |
April |
|||
|
All structures |
100.0 |
0.7 |
−0.2 |
1.2 |
|
Residential buildings |
16.5 |
0.7 |
−0.3 |
1.9 |
|
One flat houses |
12.8 |
0.7 |
−0.3 |
1.9 |
|
Blocks of flats |
3.7 |
0.7 |
−0.4 |
1.7 |
|
Non-residential buildings |
37.9 |
0.5 |
−0.5 |
0.9 |
|
Administrative |
7.7 |
0.6 |
−0.4 |
1.2 |
|
Industrial |
20.1 |
0.4 |
−0.5 |
0.9 |
|
Trade |
10.1 |
0.5 |
−0.5 |
0.6 |
|
Civil engineering units |
45.6 |
0.8 |
0.0 |
1.4 |
|
Utility infrastructure (except for wastewater pipelines) |
27.1 |
1.3 |
0.7 |
2.8 |
|
Wastewater pipelines |
4.5 |
0.0 |
−0.7 |
1.1 |
|
Roads and streets |
14.0 |
0.1 |
−1.0 |
−1.0 |
|
Renovation of buildings |
x |
0.8 |
−0.2 |
2.5 |
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, April 2016, %
|
Construction input component groups |
Relative share (weight) |
Price growth, drop (–), April 2016, against |
||
|
March 2016 |
2015 |
|||
|
December |
April |
|||
|
Total construction costs |
100.0 |
0.7 |
−0.2 |
1.2 |
|
Materials and products |
62.8 |
0.3 |
0.0 |
−0.5 |
|
Operation of machines and mechanisms |
6.7 |
0.0 |
0.1 |
0.1 |
|
Wages and salaries and overheads |
30.5 |
1.5 |
−0.7 |
4.5 |
|
Wages and salaries |
25.6 |
1.8 |
−0.6 |
5.3 |
|
Overheads |
4.9 |
0.2 |
−1.2 |
−0.6 |
Table 3. Influence on the overall monthly price change (April 2016, against March) by main construction input component group, percentage points
|
Construction input component groups |
Influence |
|
Wages and salaries |
+0.445 |
|
Materials and products Overheads |
+0.202 +0.009 |
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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