Analytics, Industry, Lithuania, Markets and Companies
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Friday, 29.03.2024, 08:13
In May, prices for the total industrial production sold in Lithuania increased by 1.5%
The overall price change was mainly influenced by a 11.8% increase in prices for the production of the manufacture of refined petroleum products, 0.4% – furniture, as well as by a 2.3% decrease in prices for the production of the manufacture of chemicals and chemical products, 1.2% – electricity, gas, steam and air conditioning supply (see Table 2).
Over the month, prices for industrial production sold on the Lithuanian market increased by 0.4%. The largest increase in prices was observed for the production of the manufacture of refined petroleum products (10.5%) and extraction of crude petroleum (7.5%). A price drop was observed for the production of the manufacture of wearing apparel (3.5%) and fabricated metal products, except for machinery and equipment (1.7%). Prices for food products decreased by 0.6%, of which for milk and cheese products – by 3.5, edible ice – 3.1%. Meanwhile, prepared pet foods went up in price by 7.9, prepared meals and dishes – 2.8%.
Over the month, prices for industrial production sold on the non-Lithuanian market increased by 2.4%. An increase in prices was observed for the production of the manufacture of refined petroleum products (12.1%) and electrical equipment (1.9%), while a decrease – for the production of the manufacture of computer, electronic and optical products (4.2%) and base metals (3.2%).
Over the month, prices for industrial production sold in the euro area increased by 4, in the non-euro area – by 1.2%.
Over the year (May 2016, against May 2015), prices for the total industrial production sold decreased by 8.2, refined petroleum products excluded – by 4.2%. It was mainly influenced by a decrease in prices for the production of the manufacture of refined petroleum products (17.2%) and chemicals and chemical products (16.9%), as well as by an increase in prices for furniture (1.2%).
The largest price drop – of 24.6% – was observed for the production of extraction of crude petroleum, while prices for the production of the manufacture of tobacco products grew by 17.4%.
Over the year, prices for industrial production sold on the Lithuanian market decreased by 5.8%, refined petroleum products excluded – by 2.6%. It was mainly influenced by a decrease in prices for the production of the manufacture of refined petroleum products (28.1%) and food products (2.3%) and an increase in prices for the production of the manufacture of furniture (2.8%).
Over the year, prices for industrial production sold on the non-Lithuanian market decreased by 9.8%, refined petroleum products excluded – by 5.7%. It was mainly influenced by a decrease in prices for the production of the manufacture of refined petroleum products (13.1%) and an increase in prices for the production of the manufacture of tobacco products (17.4%).
Over the year, prices for industrial production sold in the euro area decreased by 5.8, in the non-euro area – by 12.6%.
Table 1. Changes in prices for industrial production sold, May 2016, %
Economic activities |
Relative |
Price
growth, drop (–) |
||
April 2016 |
2015 |
|||
December |
May |
|||
Total industrial production sold |
100.0 |
1.5 |
2.0 |
−8.2 |
Mining and quarrying |
1.0 |
0.3 |
1.5 |
−9.6 |
Manufacturing |
88.3 |
1.9 |
1.7 |
−9.1 |
Manufacture of refined petroleum products |
15.9 |
11.8 |
21.0 |
−17.2 |
Electricity,
gas, steam and air conditioning |
9.8 |
−1.2 |
5.1 |
0.0 |
Water
supply; sewerage, waste management and |
0.9 |
1.2 |
1.3 |
−5.7 |
Total
industrial production, refined petroleum |
84.1 |
−0.6 |
−1.5 |
−4.2 |
Manufacturing
production, refined petroleum |
72.4 |
−0.5 |
−2.5 |
−4.7 |
Total industrial production sold on the Lithuanian market |
100.0 |
0.4 |
−0.1 |
−5.8 |
Mining and quarrying |
1.5 |
0.5 |
3.4 |
−6.1 |
Manufacturing |
74.6 |
0.9 |
−1.8 |
−7.5 |
Manufacture of refined petroleum products |
9.6 |
10.5 |
−3.9 |
−28.1 |
Electricity, gas, steam and air conditioning supply |
22.7 |
−1.2 |
5.1 |
0.0 |
Water
supply; sewerage, waste management and |
1.2 |
1.1 |
1.3 |
−5.3 |
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
90.4 |
−0.5 |
0.3 |
−2.6 |
Manufacturing production, refined petroleum |
65.0 |
−0.3 |
−1.5 |
−3.2 |
Mining and quarrying |
100.0 |
2.4 |
3.7 |
−9.8 |
Manufacturing |
0.6 |
0.0 |
−2.2 |
−16.0 |
Manufacture of refined petroleum products |
98.8 |
2.4 |
3.7 |
−9.7 |
Electricity, gas, steam and air conditioning supply |
20.7 |
12.1 |
29.8 |
−13.1 |
Water
supply; sewerage, waste management and |
- |
- |
- |
- |
Mining and quarrying |
0.6 |
1.3 |
1.2 |
−6.3 |
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
79.3 |
−0.6 |
−3.1 |
−5.7 |
Manufacturing
production, refined petroleum |
78.1 |
−0.7 |
−3.2 |
−5.6 |
Total industrial production sold in the euro area |
100.0 |
4.0 |
6.9 |
−5.8 |
_________________________________________
- such a phenomenon (indicator) was not observed during the respective
period.
Table 2. The greatest influence on the monthly (May 2016, against April) change in prices for industrial production sold by EVRK Rev. 2 section
Percentage points EVRK Rev. 2 code
EVRK Rev. 2 code |
Economic activities |
Influence |
EVRK Rev. 2 code |
Economic activities |
Influence |
|
Total industrial production sold |
||||||
19 |
Manufacture
of refined petroleum |
+2.018 |
14 |
Manufacture of wearing apparel |
–0.038 |
|
31 |
Manufacture of furniture |
+0.033 |
10 |
Manufacture of food products |
–0.041 |
|
11 |
Manufacture of beverages |
+0.025 |
16 |
Manufacture of wood and wood products, except for furniture |
–0.077 |
|
27 |
Manufacture of electrical equipment |
+0.022 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.121 |
|
23 |
Manufacture of other non-metallic mineral products |
+0.018 |
20 |
Manufacture
of chemicals and |
–0.218 |
|
Industrial production sold on the Lithuanian market |
||||||
19 |
Manufacture
of refined petroleum |
+0.887 |
22 |
Manufacture of rubber and plastic products |
–0.042 |
|
11 |
Manufacture of beverages |
+0.057 |
31 |
Manufacture of furniture |
–0.050 |
|
23 |
Manufacture of other non-metallic mineral products |
+0.053 |
25 |
Manufacture of fabricated metal products, except for machinery and equipment |
–0.051 |
|
29 |
Manufacture of motor vehicles, trailers and semitrailers |
+0.020 |
10 |
Manufacture of food products |
–0.149 |
|
06 |
Extraction of crude petroleum |
+0.017 |
35 |
Electricity, gas, steam and air conditioning supply |
–0.282 |
|
Industrial production sold on the non-Lithuanian market |
||||||
19 |
Manufacture
of refined petroleum |
+2.869 |
32 |
Other manufacturing |
–0.033 |
|
31 |
Manufacture of furniture |
+0.094 |
14 |
Manufacture of wearing apparel |
–0.042 |
|
10 |
Manufacture of food products |
+0.040 |
26 |
Manufacture of computer, electronic and optical products |
–0.071 |
|
27 |
Manufacture of electrical equipment |
+0.037 |
16 |
Manufacture of wood and wood products, except for furniture |
–0.135 |
|
25 |
Manufacture of fabricated metal products, except for machinery and equipment |
+0.018 |
20 |
Manufacture
of chemicals and |
–0.364 |
|
___________________________
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 prices for a certain product but also by the relative share (weight) of the industrial production sold within a certain economic activity in the total industrial production.