Manufacturing output prices up by 3 percent

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 3 percent up in June 2017 from the same month last year. The price increase is again less substantial than in the previous month, when prices in manufacturing were nearly 6 percent higher.

Selling prices
 % change
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
2016 D5.5
17 J9.5
17 F11.5
17 M9.9
17 A8.9
17 M5.7
17 J3

Lower crude oil prices in June

For the first time since October 2016, crude oil prices in June were below the level recorded one year previously. The price of a barrel of North Sea Brent oil in June 2017 was over 42 euros, almost 5 percent lower than in June 2016. In May, the barrel price stood at almost 47 euros, 10 percent up from May 2016.

Output prices are strongly affected by crude oil price developments. In June, prices of petroleum derivatives decreased by over 1 percent year-on-year, versus a price increase of over 11 percent in May.

In the chemical industry as well, output prices are affected by crude oil price developments. Output prices of chemical products were almost 7 percent up in June year-on-year. In May the average year-on-year price increase was more than 10 percent.

Prices in the basic metal industry were almost 13 percent up on an annual basis. Prices of food, metal, rubber and plastic products as well as in the automotive industry were also higher than one year previously. This is partly due to higher prices for agricultural raw materials and metals. On the other hand, prices of machinery and equipment were again below the level of twelve months previously.

Selling prices manufacturing by sector
 % change
Basic metal products12.6
Chemical products6.7
Food products5
Metal products4
Cars1.8
Rubber and plastic1.6
Petroleum products-1.1
Machine-4.2

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

Prices of manufactured products lower in June than in May

Prices of manufactured products fell by over 1 percent in June relative to May; the decline was 1 percent on the domestic market and 1.5 percent on the foreign market. The price of crude oil also decreased in June.

Index selling prices
 index
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 O101.6
2016 N101.3
2016 D103.7
17 J105.3
17 F106.3
17 M106
17 A105.9
17 M104.5
17 J103.1

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