Analytics, Construction, Lithuania, Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 24.11.2020, 11:02

Construction input prices in Lithuania decreased by 11.0% in May y-o-y

Jonas Markelevičius, Statistuics Lithuania, 29.06.2009.Print version
Statistics Lithuania informs that construction input prices in May 2009, as compared to April, decreased by 0.5%. Over the year (May 2009, against May 2008), construction input prices decreased by 11.0%.

Fig. 1. Monthly changes in construction input prices as compared to the previous month

 

In May 2009, against April, the strongest impact on the total construction input price change was made by a 1.1% decrease in prices for building materials and products, as well as a 0.8% increase in wages and salaries and overheads. The overall price change was also influenced by a 0.4% decrease in hourly labour costs on operation of construction machines and mechanisms.

 

The change in prices for building materials and products was mostly conditioned by a 2.5% decrease in prices for metallic products, 2.3% - pipes, 0.6% – basic building materials. Prices for wood products and insulation materials in May decreased by 1.6%, windows and doors – 1.1%, finishing materials – 0.8%, various kinds of concrete and mortar – 0.7%.

 

Over the year (May 2009, against May 2008), construction input prices decreased by 11.0%.

 

Fig. 2. Annual changes in construction input prices as compared to the corresponding month of

the previous year


Table 1. Changes in construction input prices by type of structure, May 2009, %

 

Relative share in the total value of new construction

May 2009 against

April 2009

2008

December

May

All structures

100.0

-0.5

-8.2

-11.0

  Residential buildings

25.7

-0.2

-10.3

-15.2

  Non-residential buildings

44.6

-0.6

-8.3

-10.5

  Administrative

10.3

-0.4

-8.5

-11.9

  Industrial

16.8

-0.3

-8.4

-8.8

  Trade

17.5

-0.9

-8.0

-11.3

  Civil engineering units

29.7

-0.5

-6.3

-8.0

In addition, renovation

x

-0.2

-9.3

-13.9

– the indicator is not calculated in such expression.


Table 2. Changes in prices for the main components of construction input, May 2009, %

 

Relative share in the total value of construction

May 2009 against

April 2009

2008

December

May

Total construction costs

100.0

-0.5

-8.2

-11.0

  Materials and products

60.0

-1.1

-4.1

-2.3

  Operation of machines and mechanisms

6.8

-0.4

-1.7

0.8

  Wages and salaries and overheads

33.2

0.8

-16.5

-26.1






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