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Friday, 19.04.2024, 17:35
In September, construction input prices increased by 1.9% in Lithuania y-o-y
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Over a month, prices of building materials and products increased by 0.1%. As for building materials and products, the largest price growth over the month was observed for pipes – 0.7%, fabricated metal products and general building materials – 0.2% each, while prices for wood products dropped by 0.8%, concrete and ferroconcrete products – 0.4%, sanitary engineering and insulation materials – 0.2% each.
Hourly labour costs on operation of construction machines and mechanisms remained almost unchanged.
As for buildings and structures, the largest price drop was observed for the construction of residential buildings – 0.6%. A 0.5% price drop was observed for the renovation of buildings.
Over the year (September 2014, against September 2013), construction input prices increased by 1.9%. It was conditioned by a 4.8% increase in wages and salaries, 1.1% – hourly labour costs on operation of construction machines and mechanisms, 0.8% – prices of building materials and products.
As for building materials and products, the largest price growth over the year was observed for concrete and ferroconcrete products – 2.9, wood products – 2.1, general building materials – 1.8, concrete and mortar – 1.5%, while prices for insulation and finishing materials dropped by 1.1% each.
As for buildings and structures, the largest price growth over the year was observed for the construction of residential buildings – 2.2%. A 2.4% price growth was observed for the renovation of buildings.
Table 1. Changes in construction input prices by type of structure, September 2014, %
|
Types of structures according to CC1 |
Relative share (weight) |
Price growth, September 2014, |
||
|
August 2014 |
2013 |
|||
|
December |
September |
|||
|
All structures |
100.0 |
–0.2 |
1.2 |
1.9 |
|
Residential buildings |
9.7 |
–0.6 |
1.7 |
2.2 |
|
Non-residential buildings |
33.4 |
–0.3 |
1.4 |
1.8 |
|
Administrative |
10.9 |
–0.3 |
1.4 |
1.9 |
|
Industrial |
15.6 |
–0.3 |
1.4 |
1.9 |
|
Trade |
6.9 |
–0.3 |
1.1 |
1.5 |
|
Civil engineering units |
56.9 |
–0.1 |
0.9 |
1.8 |
|
Utility infrastructure (except for wastewater pipelines) |
29.1 |
–0.1 |
0.8 |
1.8 |
|
Wastewater pipelines |
9.9 |
–0.2 |
1.0 |
1.8 |
|
Roads and streets |
17.9 |
–0.1 |
1.2 |
2.0 |
|
Renovation of buildings |
x |
–0.5 |
2.0 |
2.4 |
x – the
indicator is not calculated in such expression
__________________
1 CC – Classification
of Types of Construction
Table 2. Changes in prices for the main construction input component groups, September 2014, %
|
Construction input component groups |
Relative share (weight) |
Price growth, drop (–), |
||
|
August 2014 |
2013 |
|||
|
December |
September |
|||
|
Total construction costs |
100.0 |
–0.2 |
1.2 |
1.9 |
|
Materials and products |
62.7 |
0.1 |
0.2 |
0.8 |
|
Operation of machines and mechanisms |
8.1 |
0.0 |
0.8 |
1.1 |
|
Wages and salaries and overheads |
29.2 |
–1.0 |
3.0 |
4.1 |
|
Wages and salaries |
24.3 |
–1.1 |
3.6 |
4.8 |
|
Overheads |
4.9 |
–0.5 |
–0.5 |
–0.2 |
Table 3. Influence on the overall monthly price change (September 2014, against August) by main construction input component group
|
Construction input component groups |
Influence |
Construction input component groups |
Influence |
|
Materials and products |
+0.089 |
Wages and salaries |
−0.304 |
|
Operation of machines and mechanisms |
+0.001 |
Overheads |
−0.020 |
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.
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