Price increases in manufacturing industry less substantial

30/07/2010 09:30

In June, factory gate prices in Dutch manufacturing were more than 9 percent up on June 2009. The increase was less substantial than in the two preceding months, when prices rose by nearly 11 percent relative to one year previously.

Prices increased in nearly all sectors of manufacturing industry. The petroleum industry showed the most substantial price increase, just as in preceding months. With 26 percent, the price increase in June was significantly smaller than in May (40 percent). In this sector, factory gate prices are closely linked to crude oil prices. Manufacturers in the chemical and basic metal industries charged respectively 24 and 19 percent more for their products.

In June, market prices of products manufactured in the Netherlands were 0.3 percent higher than in May. For nine months in a row now, prices have been higher than in the month before. In this period, prices on the export market rose more rapidly than prices on the domestic market.

Factory gate prices

Factory gate prices