Manufacturing prices more than 3 percent up

28/12/2012 09:30

Output prices of the Dutch manufacturing industry were more than 3 percent higher in November 2012 than in November 2011. In August, September and October, prices increased by just over 4 percent.

Factory gate prices

Factory gate prices

Manufacturers of food, drinks and tobacco charged 7.5percent higher prices than in November 2011. Prices in this sector have risen continuously over the past few months. Prices of petroleum derivatives were more than 4 percent up in November 2012 from November 2011. The price increase was far less substantial than in the preceding months. Prices of chemical products also rose by more than 4 percent, but prices in the basic metal industry declined by more than 5 percent compared to one year previously.

Index factory gate prices

Index factory gate prices

Output prices in manufacturing shrank by 0.6 percent in November 2012 compared to October 2012. Prices fell for the second consecutive month. This is mainly due to changes in petroleum prices.

More figures can be found in dossier Business cycle.

For more information on economic indicators, the reader is referred to the Economic Monitor.