Manufacturing output prices up by over 4 percent

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were over 4 percent up in August 2017 year-on-year. The price increase is somewhat higher than in the previous month, when prices in manufacturing were nearly 3 percent higher.

Selling prices
 % change
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 J3.1
17 J2.7
17 4.1

Higher crude oil prices in August

In August 2017, the price of a barrel of North Sea Brent oil was 44 euros, 4.5 percent higher than in August 2016. In July, the crude oil barrel price stood at just under 43 euros, nearly 2 percent up on July 2016.

Output prices are strongly affected by crude oil price developments. In August, prices of petroleum derivatives increased by over 14 percent year-on-year. The average year-on-year price increase in July was 3 percent.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. Output prices of chemical products were nearly 7 percent up in August year-on-year. In July, the average year-on-year price increase was over 4 percent.

The price increase in the basic metal industry was also above average. This is partly due to a higher demand. Prices of metal products, food products, 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
Petroleum products14.3
Basic metal products10.3
Chemical products6.8
Metal products3.7
Food products3
Rubber and plastic1.4
Cars0.9
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 rose in August

Prices of manufactured products rose by nearly 1 percent in August relative to July. The price increase on the domestic market was 1 percent and on the foreign market nearly 1 percent.

Index selling prices
 index
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 J102.6
2017 A103.5