Manufacturing prices up again

Statistics Netherlands (CBS) reports that prices of products manufactured in the Netherlands were 0.8 percent up in November 2016 on a year-on-year basis. The price increase is smaller than in October when manufacturing prices rose for the first time in more than two years. If price developments in the petroleum industry are not taken into account, the price increase in November was also 0.8 percent.

Selling prices
Selling prices
 % change
2013 D2.7
2013 J1.3
2013 F1.1
2013 M-0.9
2013 A-2.2
2013 M-1.6
2013 J0
2013 J-0.4
2013 A-2.3
2013 S-2.8
2013 O-3.5
2013 N-2.7
2013 D-1.7
2014 J-2.2
2014 F-3
2014 M-2.8
2014 A-1
2014 M-0.5
2014 J0.3
2014 J-0.7
2014 A-1.4
2014 S-1.6
2014 O-2
2014 N-3.7
2014 D-8
2015 J-10.6
2015 F-8.9
2015 M-6.7
2015 A-5.5
2015 M-4.9
2015 J-5.3
2015 J-6
2015 A-8.1
2015 S-9.2
2015 O-8.9
2015 N-6.9
2015 D-5
2016 J-4.2
2016 F-7
2016 M-7.3
2016 A-8.2
2016 M-7.5
2016 J-6.1
2016 J-5.4
2016 A-3.4
2016 S-1.2
2016 O1.5
2016 N0.8

Higher crude oil and output prices

In November, the price of a barrel of North Sea Brent oil was just under 44 euros, i.e. nearly 2 percent up from the price level recorded in November 2015. In October this year, the price of a barrel of North Sea Brent oil exceeded 46 euros, i.e. more than 6 percent above the price level recorded in the same month last year.

On an annual basis, prices of petroleum derivatives rose by 0.3 percent in November, whereas in October the year-on-year price increase was 7 percent. Evidently, prices of petroleum derivatives are directly affected by crude oil price developments.

Prices of food products rose by 3.9 percent compared to last year. Prices in the (basic) metal industry and the automotive industry were also higher than one year ago. This is partly due to higher prices for agricultural raw materials and metals. Prices of rubber and plastic products, machinery and chemical products, on the other hand, were below the level of twelve months previously.

Selling prices manufacturing by sector
Selling prices manufacturing by sector
 % change
Food products3.9
Basic metal products3
Metal products1.4
Cars0.5
Petroleum products0.3
Chemical products-0.3
Rubber and plastic-0.9
Machine-3.1

Altogether, the eight industries referred to in the above text and the corresponding graph account for 80 percent of total Dutch manufacturing industry

Manufactured products cheaper than in November

On average, prices of manufactured products fell by 0.3 percent on a month-on-month basis. Prices on the domestic market fell by 0.2 percent, prices on the foreign market by 0.4 percent. The crude oil price also declined in November compared to October.

Index selling prices
Index selling prices
 index
2013 D114.4
2013 J114.9
2013 F115.9
2013 M114.8
2013 A113.2
2013 M112.8
2013 J112.3
2013 J113.2
2013 A113.4
2013 S113.4
2013 O112.2
2013 N112.1
2013 D112.5
2014 J112.4
2014 F112.5
2014 M111.6
2014 A112.1
2014 M112.2
2014 J112.6
2014 J112.4
2014 A111.9
2014 S111.5
2014 O109.9
2014 N108
2014 D103.5
2015 J100.4
2015 F102.5
2015 M104.1
2015 A105.9
2015 M106.8
2015 J106.6
2015 J105.7
2015 A102.8
2015 S101.3
2015 O100.2
2015 N100.5
2015 D98.3
2016 J96.2
2016 F95.3
2016 M96.5
2016 A97.3
2016 M98.8
2016 J100.1
2016 J99.9
2016 A99.4
2016 S100.1
2016 O101.7
2016 N101.3

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