Analytics, Construction, Lithuania, Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 14.03.2025, 06:46

In January, construction input prices in Lithuania increased by 4.9% y-o-y

Jonas Markelevičius, Statistics Lithuania, 27.02.2013.Print version
Statistics Lithuania informs that construction input prices in January 2013, against December 2012, increased by 0.1%. Over the year (in January 2013, against January 2012), construction input prices increased by 4.9%.

The change was mainly influenced by a 0.3% increase in prices for building materials and products and by a 0.2% decrease in wages and salaries.

 

As for building materials and products, the largest price increase over the month was observed for various types of concrete and mortar – by 0.9, electrical engineering materials – 0.8, wood products – 0.7%, while prices for pipes decreased by 0.2%.

 

As for structures, prices for the construction of roads and streets increased the most (by 0.4%).


Fig. 1. Monthly changes in construction input prices, compared to the previous month


Over the year (in January 2013, against January 2012), construction input prices increased by 4.9%. The price change was determined by an increase in wages and salaries – by 10.9, building materials and products – 3.4%.

 

As for building materials and products, the most noticeable price increase over the year was observed for insulation materials – by 5.3, building materials – 5, various types of concrete and mortar – 5.1, finishing materials – 4.9%.

 

Over the year, the largest increase in prices for structures – by 5.8% – was observed in prices for the construction of waste water pipelines and roads and streets.


Fig. 2. Annual changes in construction input prices, compared to the respective month
of the previous year


Table 1. Changes in construction input prices by type of structure, January 2013, %

Types of structures according to CC1

Relative share of the construction works carried out by type of structure in the total value of new construction

Price growth, drop (–) in January 2013, against

2012

December

January

All structures

100.0

0.1

4.9

Residential buildings

9.7

0.2

5.2

Non-residential buildings

33.4

0.2

4.4

  Administrative

10.9

0.2

4.5

  Industrial

15.6

0.2

4.4

  Trade

6.9

0.2

4.4

Civil engineering units

56.9

0.1

5.1

  Utility infrastructure (except waste water pipelines)

29.1

-0.1

4.4

  Waste water pipelines

9.9

0.2

5.8

  Roads and streets

17.9

0.4

5.8

In addition, renovation

x

0.3

5.6

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


Table 2. Changes in prices for the main groups of construction input components, January 2013, %

Groups of construction input components

Relative share of the groups of construction input components in the total value of construction

Price growth, drop (–) in January 2013, against

2012

December

January

Total construction costs

100.0

0.1

4.9

Materials and products

62.7

0.3

3.4

Operation of machines and mechanisms

8.1

0.4

2.1

Wages and salaries and overheads

29.2

-0.2

8.7

  Wages and salaries

24.3

-0.2

10.9

  Overheads

4.9

-0.4

-3.0


Table 3. The influence on the overall monthly price change (in January 2013, against December 2012), by groups of construction input components

Percentage points

Groups of construction input components

Influence

Groups of construction input components

Influence

Materials and products

+0.183

Wages and salaries

-0.053

Machine and mechanisms labour

+0.032

Overheads

-0.016

 

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.






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