Manufacturing prices still below the level of one year previously

Selling prices of Dutch manufacturing industry were 3.0 percent lower in February 2014 than in February 2013. In January, prices of manufactured products were 2.2 percent down. Prices of manufactured products have been below the level of one year previously for twelve months now. Prices for petroleum derivatives dropped most notably.

Selling prices

Selling prices

Prices of petroleum derivatives declined by nearly 10 percent compared to February 2013. Price developments in this sector are strongly affected by the crude oil price. In euros, a barrel of North Sea Brent oil was nearly 9 percent cheaper in February 2014 than in the same month last year. If prices for petroleum derivatives are not taken into account, selling prices of manufactured products were 1.6 percent below the level of February 2013. Prices of chemical products (4.5 percent), basic metal products (3.4 percent) and food, drinks and tobacco products (0.3 percent) were also down from twelve months previously

Selling prices of manufactured products were up by 0.1 percent in February 2014 relative to the preceding month. Prices on the domestic market fell marginally, whereas prices on the foreign market rose by 0.2 percent.

Index selling prices

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.