Manufacturing output prices up by almost 3 percent

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products in July 2017 were almost 3 percent up year-on-year. The price increase is similar to the level of the previous month, when prices in manufacturing were over 3 percent higher.

Selling prices
 % change
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 M5.8
17 J3.1
17 J2.9
 

Higher crude oil prices in July

In July 2017, the price of a barrel of North Sea Brent oil was almost 43 euros, around 2 percent higher than in July 2016. In June, the crude oil barrel price stood at over 42 euros, 5 percent down from June 2016.

Output prices are strongly affected by crude oil price developments. In July, prices of petroleum derivatives increased by 4 percent year-on-year, versus a price decrease of over 1 percent in June.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. Output prices of chemical products were 4.5 percent up in July year-on-year. In June, the average year-on-year price increase was almost 7 percent.

Price increases in the basic metal, the food and metal products industries were above average. This is partly due to higher prices for agricultural raw materials and metals. Prices of rubber and plastic products as well as prices in the automotive industry were also higher than one year previously. 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 products11
Chemical products4.5
Food products4
Petroleum products4
Metal products3.2
Cars1.6
Rubber and plastic1.6
Machine-4

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 July than in June

Prices of manufactured products fell by almost 0.5 percent in July relative to June; they remained more or less the same, while the decline was almost 1 percent on the foreign market.

Index selling prices
 index
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
2017 J105.3
2017 F106.3
2017 M106
2017 A105.9
2017 M104.5
2017 J103.2
2017 J102.8

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