Analytics, Construction, Lithuania, Real Estate
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Thursday, 21.11.2024, 12:14
Construction input prices in Lithuania decreased by 11.0% in May y-o-y
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| Fig. 1. Monthly changes in construction input prices as compared to the previous month |
In May 2009, against April, the strongest impact on the total construction input price change was made by a 1.1% decrease in prices for building materials and products, as well as a 0.8% increase in wages and salaries and overheads. The overall price change was also influenced by a 0.4% 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 2.5% decrease in prices for metallic products, 2.3% - pipes, 0.6% – basic building materials. Prices for wood products and insulation materials in May decreased by 1.6%, windows and doors – 1.1%, finishing materials – 0.8%, various kinds of concrete and mortar – 0.7%.
Over the year (May 2009, against May 2008), construction input prices decreased by 11.0%.
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|
Fig. 2. Annual changes in construction input prices as compared to the corresponding month of the previous year |
Table 1. Changes in construction input prices by type of structure, May 2009, %
|
|
Relative share in the total value of new construction |
May 2009 against | ||
|
April 2009 |
2008 | |||
|
December |
May | |||
|
All structures |
100.0 |
-0.5 |
-8.2 |
-11.0 |
|
Residential buildings |
25.7 |
-0.2 |
-10.3 |
-15.2 |
|
Non-residential buildings |
44.6 |
-0.6 |
-8.3 |
-10.5 |
|
Administrative |
10.3 |
-0.4 |
-8.5 |
-11.9 |
|
Industrial |
16.8 |
-0.3 |
-8.4 |
-8.8 |
|
Trade |
17.5 |
-0.9 |
-8.0 |
-11.3 |
|
Civil engineering units |
29.7 |
-0.5 |
-6.3 |
-8.0 |
|
In addition, renovation |
x |
-0.2 |
-9.3 |
-13.9 |
x – the indicator is not calculated in such expression.
Table 2. Changes in prices for the main components of construction input, May 2009, %
|
|
Relative share in the total value of construction |
May 2009 against | ||
|
April 2009 |
2008 | |||
|
December |
May | |||
|
Total construction costs |
100.0 |
-0.5 |
-8.2 |
-11.0 |
|
Materials and products |
60.0 |
-1.1 |
-4.1 |
-2.3 |
|
Operation of machines and mechanisms |
6.8 |
-0.4 |
-1.7 |
0.8 |
|
Wages and salaries and overheads |
33.2 |
0.8 |
-16.5 |
-26.1 |
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