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Prices for the industrial production sold in Lithuania remain unchanged in May 2012

Jonas Markelevičius, Statistics Lithuania, 08.06.2012.Print version
Statistics Lithuania informs that in May 2012, compared to April, prices for the total industrial production sold dropped by 0.2%. Over the month, prices for products sold on the Lithuanian market dropped by 0.1%.

The overall price change was mostly influenced by a decrease in prices for the production of the manufacture of refined petroleum products and food products – by 0.8% each, the production of the manufacture of chemicals and chemical products – 0.9%, as well as by an increase in prices for electricity, gas, steam and air conditioning supply – by 1.7%, wearing apparel – 3.3%. More detailed information is provided in Table 2.


Fig. 1. Changes in prices for industrial production sold over the month, compared
to the previous month

* Revised data.

 

Over the month, prices for products sold on the Lithuanian market dropped by 0.1%. The highest price drop was observed in prices for the production of the manufacture of machinery and equipment n. e. c. – by 4.5%, extraction of crude petroleum – 3.6%, production of the manufacture of refined petroleum products – 3.4%, while prices for the production of the manufacture of computer, electronic and optical products increased by 3.2%, waste collection, treatment and disposal activities; materials recovery – 3%, electricity, gas, steam and air conditioning supply – 1.7%. Prices for food products dropped by 1.3%; out of them, prices for bread and fresh pastry goods and cakes dropped by 3.6%, poultry – 3.4%, milk products – 3.2%. Prices for prepared animal feeds and ice cream increased by 2.8% each, cocoa, chocolate and sugar confectionery – 1.8%.

 

Over the month, prices for products sold on the non-Lithuanian market dropped by 0.2%. The highest decrease in prices was observed for electricity, gas, steam and air conditioning supply – by 14.8%, the extraction of crude petroleum – by 5.2%, while prices for the production of the manufacture of wearing apparel increased by 3.7%, waste collection, treatment and disposal activities; materials recovery – by 2.4%.

 

Over the year (May 2012, against May 2011), prices for the total industrial production sold grew by 5.6%. The greatest price rise was observed in prices for waste collection, treatment and disposal activities; materials recovery – by 20.6%, refined petroleum products – by 13.5%, while prices for repair and installation of machinery and equipment dropped by 10.6%, the production of the manufacture of tobacco products – 10.1%.


Fig. 2. Changes in prices for industrial production sold over the year, compared to the
corresponding month of the previous year

* Revised data. 


Table 1. Changes in prices for industrial production sold, May 2012, %

Economic activity

Relative share in industrial production

Growth, drop (-) May 2012, against

April 2012

2011

December

May

Total industrial production sold

100.0

-0.2

4.8

5.6

Mining and quarrying

0.9

-2.2

5.7

6.6

Manufacturing

83.2

-0.5

4.7

4.3

Manufacture of refined petroleum products

31.7

-0.8

11.9

13.5

Electricity, gas, steam and air conditioning supply

14.9

1.7

4.8

11.9

Water supply; sewerage, waste management and remediation activities

1.0

1.9

7.5

15.3

Total industrial production, refined petroleum products excluded

68.3

0.2

1.5

1.9

Manufacturing production, refined petroleum products excluded

51.5

-0.3

0.3

-1.2

Total industrial production sold on the Lithuanian market

100.0

-0.1

2.8

5.6

Mining and quarrying

1.0

-0.9

5.5

5.9

Manufacturing

62.8

-1.2

1.6

2.3

Manufacture of refined petroleum products

13.4

-3.4

5.5

10.2

Electricity, gas, steam and air conditioning supply

35.1

1.7

5.0

12.1

Water supply; sewerage, waste management and remediation activities

1.1

1.3

-0.1

3.8

Total industrial production sold on the Lithuanian market, refined petroleum products excluded

86.6

0.4

2.4

4.9

Manufacturing production, refined petroleum products excluded

49.4

-0.6

0.5

0.2

Total industrial production sold on the non-Lithuanian market

100.0

-0.2

6.2

5.3

Mining and quarrying

0.8

-3.3

5.9

7.3

Manufacturing

98.2

-0.2

6.2

5.2

Manufacture of refined petroleum products

45.1

-0.3

13.4

14.1

Electricity, gas, steam and air conditioning supply

0.1

-14.8

-27.8

...

Water supply; sewerage, waste management and remediation activities

0.9

2.4

15.1

28.2

Total industrial production sold on the non-Lithuanian market, refined petroleum products excluded

54.9

-0.1

0.4

-1.7

Manufacturing production, refined petroleum products excluded

53.1

0.0

0.2

-2.2

... – data not available, although the phenomenon existed.


Table 2. The greatest influence on the monthly (in May 2012, against April) change in prices for industrial production by economic activity

Percentage points

EVRK Rev. 21code

Economic activity

Influence

EVRK Rev. 2 code

Economic activity

Influence

Total industrial production sold

35

Electricity, gas, steam and air conditioning supply

+0.244

19

Manufacture of refined petroleum products

-0.277

14

Manufacture of wearing apparel

+0.058

10

Manufacture of food products

-0.107

31

Manufacture of furniture

+0.024

20

Manufacture of chemicals and chemical products

-0.082

22

Manufacture of rubber and plastic products

+0.021

26

Manufacture of computer, electronic and optical products

-0.033

38

Waste collection, treatment and disposal activities; materials recovery

+0.018

06

Extraction of crude petroleum

-0.019

Industrial production sold on the Lithuanian market

35

Electricity, gas, steam and air conditioning supply

+0.611

19

Manufacture of refined petroleum products

-0.479

31

Manufacture of furniture

+0.040

10

Manufacture of food products

-0.253

16

Manufacture of wood and of products of wood, except furniture

+0.026

20

Manufacture of chemicals and chemical products

-0.106

11

Manufacture of beverages

+0.025

28

Manufacture of machinery and equipment n.e.c.

-0.023

38

Waste collection, treatment and disposal activities; materials recovery

+0.013

32

Other manufacturing

-0.009

Industrial production sold on the non-Lithuanian market

14

Manufacture of wearing apparel

+0.095

19

Manufacture of refined petroleum products

-0.134

22

Manufacture of rubber and plastic products

+0.034

20

Manufacture of chemicals and chemical products

-0.065

38

Waste collection, treatment and disposal activities; materials recovery

+0.021

26

Manufacture of computer, electronic and optical products

-0.064

31

Manufacture of furniture

+0.013

06

Extraction of crude petroleum

-0.027

25

Manufacture of fabricated metal products, except machinery and equipment

+0.005

17

Manufacture of paper and paper products

-0.017

____________________
1 The second revision of the national version of the Statistical Classification of Economic Activities in the European Community.

 

The overall change in prices for industrial production sold is influenced not only by the rate of price change of a certain product but also by the relative share of the industrial production sold within certain economic activity in the overall industrial production.

A press release on the June 2012 PPI is due on 9 July 2012.






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