Analytics, Construction, Lithuania, Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 24.11.2020, 11:14

Construction input prices in Lithuania dropped by 0.5% in November

Jonas Markelevičius, Statistics Lithuania, 30.12.2009.Print version
Statistics Lithuania informs that construction input prices in November 2009, against October, dropped by 0.5%. Over the year, construction input prices dropped by 13.4%.

Fig. 1. Monthly changes in construction input prices, against the previous month

 

In November 2009, against October, prices for building materials and products decreased by 0.6%, wages and salaries and overheads – by 0.4%, which had the strongest impact on the overall construction input price change. The overall price change was also influenced by a 0.2% 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 1.2% decrease in prices for metallic products, windows and doors, 0.4% – basic building materials. In November 2009, prices for wood products decreased by 1.4%, finishing materials – 0.9%, insulation and plumbing materials – 0.8%. 

 

Over the year (November 2009, against November 2008), construction input prices dropped by 13.4%. 

 

Fig. 2. Annual changes in construction input prices, against the corresponding month of the

previous year


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

 

Relative share in the total value of new construction

November 2009, against

October 2009

2008

December

November

All structures

100.0

-0.5

-12.3

-13.4

Residential buildings

25.7

-0.6

-15.0

-16.6

Non-residential buildings

44.6

-0.6

-12.4

-13.4

   Administrative

10.3

-0.6

-12.8

-14.0

   Industrial

16.8

-0.4

-12.0

-12.6

   Trade

17.5

-0.8

-12.7

-13.8

Civil engineering units

29.7

-0.3

-9.7

-10.7

In addition, renovation

x

-0.5

-13.6

-15.2

X – the indicator is not calculated in such expression.   


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

 

Relative share in the total value of construction

November 2009, against

October 2009

2008

December

November

Total construction costs

100.0

-0.5

-12.3

-13.4

Materials and products

60.0

-0.6

-7.5

-7.4

Operation of machines and mechanisms

6.8

-0.2

-3.4

-3.4

Wages and salaries and overheads

33.2

-0.4

-22.2

-25.2






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