Manufacturing output prices up by 3.5 percent

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 3.5 percent up in October 2017 year-on-year. The price increase is lower than in the previous month, when prices in manufacturing were almost 5 percent higher.

Selling prices
 % change
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
17 J2.6
17 A4
17 S4.9
17 O3.5

Crude oil prices increased less year-on-year

In October 2017, the price of a barrel of North Sea Brent oil was 49 euros, 5.1 percent higher than in October 2016. In September, the crude oil barrel price stood at 46.5 euros, 10.5 percent up on September 2016.

Output prices are strongly affected by crude oil price developments. In October, prices of petroleum derivatives increased by over 6 percent year-on-year. The average year-on-year price increase in September was almost 19 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 8 percent up in October year-on-year. In September, the average year-on-year price increase was almost 9 percent.

The price increase in the basic metal industry was the highest in manufacturing: almost 11 percent. This is partly due to a higher demand. The price increase of metal products was also above average.

Prices of 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, September 2017
 % change
Basic metal products10.7
Chemical products8
Petroleum products6.1
Metal products3.7
Rubber and plastic2.4
Cars1.2
Food products0.9
Machine-0.7

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 October

Prices of manufactured products rose slightly (0.2 percent) in October relative to September. Prices on the domestic market hardly changed, while prices on the foreign market rose slightly.

Index selling prices
 index
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 M104.4
2017 J103.1
2017 J102.6
2017 A103.3
2017 S104.9
2017 O105.1

Related items