Manufacturers' prices lower

06/01/2003 10:00

Selling prices of the Dutch manufacturing industry were 1.7 percent lower in November than in October 2002. Prices of exported products fell by more (-2.1 percent) than those of goods sold on the domestic market (-1.0 percent).
If the fall in prices of products from the oil industry are left out of account, the price decrease becomes more moderate; excluding oil products, prices were 0.4 percent lower in November than in October.

Producers’ prices compared with previous month

Prices of raw materials down substantially

The prices of raw materials and semi-manufactured products fell more sharply than selling prices. Overall, manufacturers paid 2.8 percent less for raw materials and semi-manufactures in November than in October: 4.4 percent less for those imported from abroad and 0.8 percent less for those bought on the Dutch market.

Prices higher than last year

In spite of the price decreases in November 2002, prices of both products sold and the materials bought to make them were higher than in November 2001. Selling prices were 2.5 percent higher than in November 2001. Raw materials and semi-manufactured products cost 2.7 percent more.

Producers’ prices compared with previous year

Gerard Taal