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Tuesday, 16.04.2024, 22:23
Prices for the total industrial production sold in Lithuania decreased by 1% in October
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The overall price change was mainly influenced by a 4.1% decrease in prices for the production of the manufacture of refined petroleum products, 1.9% – food products, as well as by a 2.1% increase in prices for the production of electricity, gas, steam and air conditioning supply (increase – steam and air conditioning supply (9.5%), decrease – gas (0.9%) and electricity (0.1%)), 1.6% – chemicals and chemical products (see Table 2).
Over the month, prices for industrial production sold on the Lithuanian market decreased by 0.3%. The largest decrease in prices was observed for the production of waste collection, treatment and disposal, materials recovery (5.5%), manufacture of other transport equipment (3.1%), while prices for the production of printing and reproduction of recorded media increased by 3.4%. Prices for food products decreased by 2.3%, of which for sugar – 11.8%, processed and preserved meat – 4.7%. However, a 4.9% price growth was observed for condiments and seasonings, 3.5% – cocoa, chocolate and sugar confectionery.
 |
| Changes for industrial production in monthly price, compared to the previous month |
Over the month, prices for products sold on the non-Lithuanian market dropped by 1.5%. The decrease in prices was observed for the production of extraction of crude petroleum (10.6%), refined petroleum products (4.6%), while prices for production of waste collection, treatment and disposal, materials recovery increased by 2.7%, chemicals and chemical products – 2.3%.
Over the year (October 2014, against October 2013), prices for the total industrial production sold decreased by 3.8, refined petroleum products excluded – 3%. The overall change in prices was mainly influenced by a decrease in prices for production of manufacture of refined petroleum products (5.9%) and an increase – for the production of the manufacture of other transport equipment (5.7%).
The largest decrease in prices was observed for the production of extraction of crude petroleum (9.8%), electricity, gas, steam and air conditioning supply (7.6%), increase – for the production of manufacture of tobacco products (12.9%), water collection, treatment and supply (12.8%).
Table 1. Changes in prices for industrial production sold, October 2014, %
|
Economic activities |
Relative |
Price growth, drop (-) |
||
|
September 2014 |
2013 |
|||
|
December |
October |
|||
|
Total industrial production sold |
100.0 |
−1.0 |
−3.7 |
−3.8 |
|
Mining and quarrying |
0.9 |
−1.9 |
−5.7 |
−4.7 |
|
Manufacturing |
86.1 |
−1.4 |
−3.4 |
−3.3 |
|
Manufacture of refined petroleum products |
28.6 |
−4.1 |
−7.0 |
−5.9 |
|
Electricity, gas, steam and air
conditioning |
12.1 |
2.1 |
−7.0 |
−7.6 |
|
Water supply; sewerage, waste
management and |
0.9 |
0.1 |
9.9 |
6.2 |
|
Total industrial
production, refined petroleum |
71.4 |
0.3 |
−2.4 |
−3.0 |
|
Manufacturing production, refined
petroleum |
57.5 |
−0.1 |
−1.6 |
−2.1 |
|
Total industrial production sold on the Lithuanian market |
100.0 |
−0.3 |
−4.5 |
−5.2 |
|
Mining and quarrying |
1.3 |
−0.5 |
−5.3 |
−4.7 |
|
Manufacturing |
68.5 |
−1.2 |
−3.7 |
−4.4 |
|
Manufacture of refined petroleum products |
14.1 |
−2.1 |
−7.3 |
−7.9 |
|
Electricity, gas, steam and air conditioning supply |
29.0 |
2.1 |
−7.0 |
−7.6 |
|
Water supply; sewerage, waste
management and |
1.2 |
−2.2 |
9.2 |
9.4 |
|
Total industrial production sold on the Lithuanian market, refined petroleum products excluded |
85.9 |
0.0 |
−4.1 |
−4.7 |
|
Manufacturing production, refined
petroleum |
54.4 |
−1.0 |
−2.7 |
−3.5 |
|
Total industrial production sold on the non-Lithuanian market |
100.0 |
−1.5 |
−3.1 |
−2.7 |
|
Mining and quarrying |
0.5 |
−4.1 |
−6.3 |
−4.7 |
|
Manufacturing |
98.7 |
−1.5 |
−3.2 |
−2.8 |
|
Manufacture of refined petroleum products |
38.9 |
−4.6 |
−6.9 |
−5.4 |
|
Electricity, gas, steam and air conditioning supply |
- |
- |
- |
- |
|
Water supply; sewerage, waste
management and |
0.8 |
2.7 |
10.6 |
2.3 |
|
Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded |
61.1 |
0.5 |
−0.7 |
−1.2 |
|
Manufacturing production, refined
petroleum |
59.8 |
0.5 |
−0.8 |
−1.2 |
- such a phenomenon (indicator) was not observed during the respective
period.
Table 2. The greatest influence on the monthly (October 2014, against September) change in prices for industrial production sold by economic activity, Percentage points
|
EVRK |
Economic activities |
Influence |
EVRK |
Economic activities |
Influence |
|
Total industrial production sold |
|||||
|
35 |
Electricity, gas, steam and air conditioning supply |
+0.239 |
19 |
Manufacture of refined petroleum |
−1.172 |
|
20 |
Manufacture of chemicals and |
+0.144 |
10 |
Manufacture of food products |
−0.297 |
|
11 |
Manufacture of beverages |
+0.034 |
33 |
Repair and installation of machinery and equipment |
−0.015 |
|
31 |
Manufacture of furniture |
+0.021 |
06 |
Extraction of crude petroleum |
−0.014 |
|
14 |
Manufacture of wearing apparel |
+0.019 |
25 |
Manufacture of fabricated metal products, except machinery and equipment |
−0.009 |
|
Industrial production sold on the Lithuanian market |
|||||
|
35 |
Electricity, gas, steam and air conditioning supply |
+0.582 |
10 |
Manufacture of food products |
−0.502 |
|
11 |
Manufacture of beverages |
+0.083 |
19 |
Manufacture of refined petroleum |
−0.296 |
|
18 |
Printing and reproduction of recorded media |
+0.042 |
20 |
Manufacture of chemicals and |
−0.078 |
|
23 |
Manufacture of other non-metallic mineral products |
+0.022 |
16 |
Manufacture of wood and wood |
−0.036 |
|
28 |
Manufacture of machinery and equipment n.e.c. |
+0.011 |
33 |
Repair and installation of machinery and equipment |
−0.034 |
|
Industrial production sold on the non-Lithuanian market |
|||||
|
20 |
Manufacture of chemicals and |
+0.299 |
19 |
Manufacture of refined petroleum |
−1.784 |
|
31 |
Manufacture of furniture |
+0.041 |
10 |
Manufacture of food products |
−0.154 |
|
14 |
Manufacture of wearing apparel |
+0.036 |
06 |
Extraction of crude petroleum |
−0.022 |
|
38 |
Waste collection, treatment and disposal activities; materials recovery |
+0.023 |
25 |
Manufacture of fabricated metal products, except machinery and equipment |
−0.003 |
|
26 |
Manufacture of computer, electronic and optical products |
+0.022 |
28 |
Manufacture of machinery and equipment n.e.c. |
−0.003 |
_______________
1 National version of
NACE Rev. 2.
The overall change in prices for industrial production sold is influenced not only by the rate of change in the price of a certain product but also by the relative share (weight) of the industrial production sold within certain economic activity in the total industrial production.
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