Analytics, Construction, Lithuania, Real Estate
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 14:14
Construction input prices in Lithuania grew by 3.2% in May y-o-y
As for building
materials and products, the largest increase in prices over the month was
observed in prices for building materials – by 0.7%, plumbing materials – by
0.5, insulation materials and pipes – by 0.3%, decrease – in prices for metal
products (by 0.5%).
Fig. 1. Monthly changes in construction input prices, compared to the previous month |
Over the year (in May 2012, compared to May 2011),
construction input prices increased by 3.2%. It was determined by an increase
in prices for building materials and products – by 3.8%, wages and salaries –
by 2.8%. As regards building materials and products, the largest increase in
prices was observed for various types of concrete and mortar – by 7.2%, concrete
and reinforced concrete products – by 6.1, finishing and general building
materials – by 4.8, metal products – by 3.6, insulation materials – by 3.1%.
Fig. 2. Annual changes in construction input prices, compared to the same month of the previous year |
Table 1. Changes in construction input prices by type of structure, May 2012, %
Types of structures according to the CC |
Relative share of the construction works carried out by type of structure in the total value of new construction |
Price growth, drop (–), May 2012, compared to |
||
April 2012 |
2011 |
|||
December |
May |
|||
All structures |
100.0 |
0.1 |
1.2 |
3.2 |
Residential buildings |
9.7 |
0.2 |
0.7 |
2.1 |
Non-residential buildings |
33.4 |
0.0 |
0.9 |
2.6 |
Administrative |
10.9 |
0.1 |
1.0 |
2.5 |
Industrial |
15.6 |
-0.1 |
0.9 |
2.4 |
Trade |
6.9 |
-0.1 |
1.1 |
3.2 |
Civil engineering units |
56.9 |
0.2 |
1.4 |
3.8 |
Utility infrastructure (except wastewater pipelines) |
29.1 |
0.3 |
0.4 |
2.4 |
Wastewater pipelines |
9.9 |
-0.1 |
2.2 |
4.0 |
Roads and streets |
17.9 |
0.2 |
2.6 |
5.9 |
In addition, renovation |
X |
0.1 |
0.6 |
2.0 |
x – the indicator is not calculated in such expression.
Table 2. Changes in prices for the main components of construction input, May 2012, %
Groups of construction input components |
Relative share of construction input in the total value of construction |
Price growth, drop (–), May 2012, compared to |
||
April 2012 |
2011 |
|||
December |
May |
|||
Total construction costs |
100.0 |
0.1 |
1.2 |
3.2 |
Materials and products |
62.7 |
0.2 |
1.6 |
3.8 |
Operation of machines and mechanisms |
8.1 |
0.0 |
1.6 |
3.2 |
Wages and salaries and overheads |
29.2 |
0.1 |
0.2 |
2.1 |
Wages and salaries |
24.3 |
0.4 |
0.5 |
2.8 |
Overheads |
4.9 |
-1.4 |
-1.5 |
-1.3 |
Table 3. Influence of construction input prices on the overall monthly price change (May 2012, compared to April), percentage points
Groups of construction input components |
Influence |
Groups of construction input components |
Influence |
Materials and products |
+0.104 |
Overheads |
-0.063 |
Wages and salaries |
+0.100 |
Operation of machines and mechanisms |
-0.002 |
The influence on the overall change in construction input prices is determined not only by the rate of change of the construction input component price but also by the relative share of that component in the total value of construction.
CC refers to the Classification of Types of Construction.