Selling prices of Dutch manufacturing industry were 0.4 percent up in June 2014 from June 2013. For the first time since more than a year, prices of manufactured products are higher than twelve months previously. Prices have fallen less rapidly in recent months. According to Statistics Netherlands, price developments are strongly affected by higher oil prices.
Oil prices considerably up
Prices of petroleum derivatives were 1.7 percent up in June. Prices rose for the first time in eighteen months. Price developments in this sector are strongly affected by crude oil prices. Oil prices have risen significantly over the past few months. The price of a barrel of North Sea Brent oil stood at 82 euros in June, i.e. 5.2 percent up from June 2013. In May, oil prices were at approximately the same level as in May 2013.
Prices of chemical products were also up from twelve months previously (1.4 percent). Prices of electrical products and machinery (1.5 percent) and prices of food, drinks and tobacco products (0.6 percent) were lower.
Prices of manufactured products 0.4 percent up in June from May
In June, selling prices of manufactured products were also up by 0.4 percent from May 2014. Prices on the domestic market increased somewhat more than prices on the foreign market.
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.