Selling prices of the Dutch manufacturing industry were 2.8 percent lower in November 2013 than in November 2012. The price drop was smaller than in October, when manufactured products were 3.5 percent cheaper. This was the fifth month in a row that prices fell, mainly as a result of lower prices for petroleum derivatives and chemical products.
At 8.0 percent, The price decrease was largest for petroleum derivatives in November. Prices in this sector are heavily affected by developments in oil prices. Prices of chemical products were down 4.9 percent. Prices in the printing and publishing sector and prices of basic metal products were down 2.7 and 2.2 percent respectively and prices of food, drinks and tobacco products were on average 1.7 percent lower. Prices of leather products and electrical appliances, on the other hand, rose quite substantially: by 4.5 and 3.5 percent respectively.
Selling prices of manufactured products were marginally down in November from October 2013. Prices on the foreign market dropped by 0.2 percent, while those on the domestic market remained stable.
Index selling prices
More figures can be found in dossier Business cycle.For more information on economic indicators, the reader is referred to the Economic Monitor.