Manufacturing output prices up by almost 3 percent

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 2.8 percent up in December 2017 year-on-year. The price increase is lower than in the previous month, when prices in manufacturing were 5 percent higher.

Selling prices (year-on-year % change)
 change
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
2017 J9.5
2017 F11.5
2017 M9.9
2017 A8.9
2017 M5.7
2017 J3
2017 J2.7
2017 A4.1
2017 S4.9
2017 O3.5
2017 N5
2017 D2.8

Price increase crude oil lower

In December 2017, the price of a barrel of North Sea Brent oil was 54 euros, 3.5 percent higher than in December 2016. In November, the crude oil barrel price stood at 53.5 euros, almost 23 percent up on November 2016.

Output prices are strongly affected by crude oil price developments. In December, prices of petroleum derivatives increased by 5 percent year-on-year. The average year-on-year price increase in November was almost 21 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 7.5 percent up in December year-on-year. In November, the average year-on-year price increase was 9 percent.

The price increase in the basic metal industry was the highest and - similar to the petroleum and chemical sector - above average in the manufacturing industry.

Prices of metal 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 and prices of food products were below the level of twelve months previously.

Selling prices manufacturing by sector, December 2017 (year-on-year % change)
 change
Basic metal products8.3
Chemical products7.5
Petroleum products5
Metal products3.4
Rubber and plastic1.5
Cars1.1
Food products-0.4
Machine-0.8

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 slightly in December

Prices of manufactured products rose by 0.2 percent in December relative to November. Prices on the domestic market decreased marginally, while prices on the foreign market rose slightly.

Index selling prices (2010=100)
 index
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 J103.2
2017 J102.6
2017 A103.4
2017 S105
2017 O105.2
2017 N106.4
2017 D106.6

 

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