Factory gate prices increased in July

Selling prices of the Dutch manufacturing industry increased by 0.7 percent in July 2005 compared to June. July’s price increase on the domestic market almost equals the price increase on the export market.

In July 2005 selling prices were on average 6.0 percent higher than in July 2004. Selling prices on the domestic market were 4.8 percent higher than the year before and export prices 6.8 percent. Since May 2004 selling prices have been at least 4.7 percent higher than the previous year.

Prices of raw materials and semi-manufactured goods used in manufacturing industry rose by 2.1 percent in July 2005 compared to June. Prices of imported raw materials and semi-manufactures increased by 3.1 percent. Domestic raw materials and semi-manufactured goods rose by 0.4 percent.

In July 2005 the prices of raw materials and semi-manufactured goods were almost 11 percent higher than in July 2004. Imported raw materials and semi-manufactures were 14.4 percent more expensive and domestic raw materials and semi-manufactures 5.5 percent.

Prices of crude oil and oil products largely account for the development of producer prices. Excluding the oil industry, selling prices of Dutch manufacturing industry were 2.9 percent higher in July 2005 compared to July 2004; prices of raw materials and semi-manufactured goods were 4.6 percent higher.

 Factory gate prices