Marginal price increase manufacturing industry

30/07/2012 09:30

Selling prices in Dutch manufacturing industry were 1.3 percent higher in June 2012 than in June 2011. In May, prices of manufactured products increased by 2.2 percent relative to one year previously. Since the summer of 2011, the increase in manufacturing prices has slowed down continuously.

Factory gate prices

Factory gate prices

In nearly all branches, manufacturers charged higher prices for their products than in June 2011. Prices of food, drinks and tobacco rose most notably. Prices of petroleum derivatives were 2 percent up from one year previously. Over the past months, prices in this sector had decreased far less rapidly. Year-on-year prices in the basic metal industry dropped for the fifth month running. In June, prices of basic metal products were more than 4 percent below the level in June 2011.

Index factory gate prices

Index factory gate prices

Selling prices in manufacturing were 1.8 percent lower in June than in May. Prices on the foreign markets fell more rapidly (-2.1 percent) than prices on the domestic market (-1.3 percent). In April and May, prices had already been lower than in the preceding month, but the decrease was less substantial than in June. The drop in selling prices can largely be attributed to falling crude oil prices.

More figures can be found in dossier Business cycle.