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International Internet Magazine. Baltic States news & analytics Friday, 20.10.2017, 16:59

Prices for industrial production in Lithuania increased by 0.8% in September

Regina Burneikienė, Statistics Lithuania, 10.10.2017.Print version
Statistics Lithuania informs that in September 2017, against August, prices for the total industrial production sold increased by 0.8%, refined petroleum products excluded – decreased by 0.3%. The overall price change was influenced by a 5.4% increase in prices for refined petroleum products.

The greatest influence on the change in prices for industrial production sold by economic activity is provided in Table 1.




Over the month, prices for industrial production sold on the Lithuanian market increased by 0.7%, refined petroleum products excluded – decreased by 0.1%. The largest increase in prices was observed for refined petroleum products – 6.7%. The largest decrease in prices was observed for beverages – 3.5%. Among food products, an increase in prices was observed for fruit, berry and vegetable juice – 12.4, rusks and biscuits; preserved pastry goods and cakes – 5.3, poultry and other meat products – 3.6%, while oil and fats went down in price by 12.5, condiments and seasonings – 8, sugar – 5.1%.


Over the month, prices for industrial production sold on the non-Lithuanian market increased by 1%, refined petroleum products excluded – decreased by 0.4%.


Over the month, the overall price change for industrial production sold on the euro area market increased by 0.2, on the non-euro area market – 1.5%.


Table 1. The greatest influence on the monthly (September 2017, against August) change in prices for industrial production sold by economic activity

EVRK
Rev. 2
1
code

Economic activities

Price growth, drop (–),%

Influence, percentage points

Total industrial production sold

19

Manufacture of refined petroleum products

5.4

+1.047

20

Manufacture of chemicals and chemical products

0.4

+0.038

25

Manufacture of fabricated metal products, except machinery and equipment

0.7

+0.019

17

Manufacture of paper and paper products

0.4

+0.009

14

Manufacture of wearing apparel

0.3

+0.008

16

Manufacture of wood and of products of wood, except furniture

–0.4

–0.020

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

–3.3

–0.033

10

Manufacture of food products

–0.2

–0.040

33

Repair and installation of machinery and equipment

–2.5

–0.050

11

Manufacture of beverages

–2.8

–0.083

Industrial production sold on the Lithuanian market

19

Manufacture of refined petroleum products

6.7

+0.724

14

Manufacture of wearing apparel

3.2

+0.072

25

Manufacture of fabricated metal products, except machinery and equipment

1.5

+0.041

20

Manufacture of chemicals and chemical products

0.9

+0.034

23

Manufacture of other non-metallic mineral products

0.9

+0.032

33

Repair and installation of machinery and equipment,

–0.8

–0.018

38

Waste collection, treatment and disposal activities; materials recovery

–3.2

–0.023

13

Manufacture of textiles

–1.8

0.024

35

Electricity, gas, steam and air conditioning supply

–0.2

–0.048

11

Manufacture of beverages

–3.5

0.200

Industrial production sold on the non-Lithuanian market

19

Manufacture of refined petroleum products

5.0

+1.284

20

Manufacture of chemicals and chemical products

0.3

+0.041

38

Waste collection, treatment and disposal activities; materials recovery

3.3

+0.016

17

Manufacture of paper and paper products

0.4

+0.008

24

Manufacture of basic metals

2.1

+0.008

14

Manufacture of wearing apparel

–1.5

–0.039

16

Manufacture of wood and of products of wood, except furniture

–1.0

–0.052

21

Manufacture of basic pharmaceutical products and pharmaceutical preparations

–3.5

–0.058

33

Repair and installation of machinery and equipment,

–4.0

–0.074

10

Manufacture of food products

–0.6

–0.081

______________________
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.




Over the year (September 2017, against September 2016), prices for the total industrial production sold increased by 3.9%, refined petroleum products excluded – 2.6%.


Over the year, prices for industrial production sold on the Lithuanian market increased by 4.7%, refined petroleum products excluded – 2.7%.


Over the year, prices for industrial production sold on the non-Lithuanian market increased by 3.2%, refined petroleum products excluded – 2.6%.


Over the year, prices for industrial production sold on the euro area market increased by 0.4, on the non-euro area market – 5.4%.


Table 2. Changes in prices for industrial production sold, September 2017

Per cent

Economic activity

Relative share (weight) in total industrial production

Price growth, drop (–) September 2017, against

August 2017

2016

December

September

Total industrial production sold

100.0

0.8

0.9

3.9

Mining and quarrying

0.9

0.3

–2.7

0.4

Manufacturing

89.6

1.0

1.1

4.4

Manufacture of refined petroleum products

21.0

5.4

–2.2

9.1

Electricity, gas, steam and air conditioning supply

8.6

–0.2

–1.0

–1.8

Water supply; sewerage, waste management and remediation activities

0.9

–0.1

5.8

10.6

Total industrial production, refined petroleum products excluded

79.0

0.3

1.8

2.6

Manufacturing production, refined petroleum products excluded

68.6

–0.3

2.1

3.1

Total industrial production sold on the Lithuanian market

100.0

0.7

2.6

4.7

Mining and quarrying

1.5

0.3

–2.5

1.1

Manufacturing

76.4

0.9

3.7

6.6

Manufacture of refined petroleum products

11.3

6.7

4.2

24.6

Electricity, gas, steam and air conditioning supply

20.6

–0.2

–1.0

–1.8

Water supply; sewerage, waste management and remediation activities

1.5

–1.5

5.0

9.6

Total industrial production sold on the Lithuanian market, refined petroleum products excluded

88.7

0.1

2.5

2.7

Manufacturing production, refined petroleum products excluded

65.1

0.0

3.6

4.0

Total industrial production sold on the non-Lithuanian market

100.0

1.0

0.3

3.2

Mining and quarrying

0.5

0.3

3.2

0.8

Manufacturing

99.0

1.0

0.3

3.2

Manufacture of refined petroleum products

27.8

5.0

–4.1

5.1

Electricity, gas, steam and air conditioning supply

-

-

-

-

Water supply; sewerage, waste management and remediation activities

0.5

3.3

7.9

12.8

Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded

72.2

0.4

1.1

2.6

Manufacturing production, refined petroleum products excluded

71.2

–0.4

1.1

2.6

Total industrial production sold on the euro area market

100.0

0.2

–1.6

0.4

Total industrial production sold on the non-euro area market

100.0

1.5

0.6

5.4

- Such a phenomenon (indicator) was not observed during the respective period.


For more information on the issue, please see the Database of Indicators.







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