Analytics, Construction, Lithuania, Real Estate

In July 2014, against June, a decrease in hourly labour costs was determined by higher number of work hours, lower lump sums, bonuses and premiums. Prices of building materials and products remained almost unchanged.

As for building materials and products, the largest price drop over the month was observed for concrete and mortar – 0.4, finishing materials – 0.3, insulation materials – 0.2%, while prices for metallic articles grew by 0.3, general building materials, electrical engineering materials, windows and doors, concrete and ferroconcrete – 0.2% each.

As for buildings and structures, the largest price drop over the month was observed for the construction of wastewater pipelines – 1.3, construction of residential buildings – 1.2%. A 1.3% price drop was observed for renovation of buildings.

Over the year (July 2014, against July 2013), construction input prices increased by 1.7%. It was conditioned by a 4.2% increase in wages and salaries, 1.1% – hourly labour costs on operation of construction machines and mechanisms, 0.7% – prices of building materials and products.

Construction input prices change during the year, compared to the corresponding month of the previous year

As for building materials and products, the largest price rise over the year was observed for concrete and ferroconcrete – 4.1, wood products – 3.9, concrete and mortar – 2.1, general building materials – 1.6, sanitary engineering materials – 1.4, windows and doors – 0.4%, while prices for finishing materials and pipes decreased by 1% each, insulation materials – 0.9%.

The largest price rise was observed for the renovation of buildings – 2.4%. Prices for the construction of residential buildings and the construction of roads and streets grew by 2.3% each.

Table 1. Changes in construction input prices by type of structure, July 2014, %

x – the indicator is not calculated in such expression
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¹ CC – Classification of Types of Construction

Table 2. Changes in prices for the main construction input component groups, July 2014, %

Table 3. Influence on the overall monthly price change (July 2014, against June) by main construction input component group

The influence on the overall change in construction input prices is determined not only by change in the construction input component price but also by the relative share (weight) of that component in the total value of construction.

More information on the issue is available in the Database of Indicators.