Price increase manufacturing industry more substantial

28/01/2011 09:30

Factory gate prices in Dutch manufacturing industry were almost 11 percent higher in December than in December 2009. In November, prices rose by over 9 percent compared with one year previously. Selling prices on the export and domestic markets were up by 12 and 9 percent respectively in December.

The price increase partly depends on oil price fluctuations. A barrel of North Sea Brent crude oil cost on average 70 euro in December, 35 percent more than in December 2009. In November, crude oil prices were 22 percent higher than one year previously.

Manufacturers in nearly all branches of manufacturing increased their prices compared with one year previously. With 30 and 22 percent respectively, petroleum refineries and the chemical industry showed the most substantial price increases. Basic metal products and food were also much more expensive than in December 2009. Companies in the basic metal industry charged 15 percent more for their products, those in the food industry 10 percent more.

Compared with November 2010, selling prices in manufacturing industry were up by 1.5 percent. The price increase on the domestic market was almost as high as on the foreign market. With 6 percent, the most substantial price increase was recorded in the petroleum refinery industry.

Factory gate prices

Factory gate prices

More figures can be found in dossier Business cycle.