Price increase in manufacturing stabilises

31/08/2007 15:00

Selling prices in the Dutch manufacturing industry were 3.1 percent higher in July 2007 than in the same month last year. The increase is about the same as in June. Price increases have risen continually since January this year, but this was not the case in July.

In petroleum processing and refining, selling prices were 3.3 percent down. Oil prices on the global market - in US dollars - were slightly higher than in July 2006, but this slight rise was completely cancelled out by the decrease in the US dollar. In July the US dollar lost 5.7 percent against the euro compared with one year previously. On balance, in euros oil was cheaper than one year previously.

Prices of food and beverage products on the other hand rose substantially: by 10.2 percent. Last month the price increase was 7.3 percent. Selling prices in the wood industry were more than 8 percent higher than last year. Although this is a large increase, it is smaller than in recent months. The series of strong price increases in the basic metalindustry has come to an end. In the beginning of 2007 prices were over 10 percent higher than twelve months previously, in July the increase was only 0.4 percent

Selling prices in the manufacturing industry were on average 0.6 percent higher than in June 2007. Price increases of products sold on the domestic market were the same as those of exported goods.

Factory gate prices

Factory gate prices