Analytics, Industry, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 08:13

In May, prices for the total industrial production sold in Lithuania increased by 1.5%

Regina Burneikienė, Statistics Lithuania, 10.06.2016.Print version
Statistics Lithuania informs that in May 2016, against April, prices for the total industrial production sold increased by 1.5, refined petroleum products excluded – decreased by 0.6%.

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
share (weight) in total
industrial
production

Price growth, drop (–)
May 2016, against

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
supply

9.8

−1.2

5.1

0.0

Water supply; sewerage, waste management and
remediation activities

0.9

1.2

1.3

−5.7

Total industrial production, refined petroleum
products excluded

84.1

−0.6

−1.5

−4.2

Manufacturing production, refined petroleum
products excluded

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
remediation activities

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
products excluded

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
remediation activities

-

-

-

-

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
products excluded

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
products

+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
chemical products

–0.218

Industrial production sold on the Lithuanian market

19

Manufacture of refined petroleum
products

+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
products

+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
chemical products

–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.







Search site