Manufacturing output prices up by over 1 percent

© Roger Dohmen
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 1.2 percent up in January 2018 year-on-year. The price increase is lower than in the previous month, when prices in manufacturing were 2 percent higher.

Selling prices (year-on-year % change)
 % change
2014 F-2.4
2014 M-2.2
2014 A-0.9
2014 M-0.4
2014 J0.1
2014 J-0.5
2014 A-1
2014 S-1
2014 O-1.2
2014 N-2.6
2014 D-5.7
2015 J-7.5
2015 F-6.1
2015 M-4.5
2015 A-3.8
2015 M-3.3
2015 J-3.5
2015 J-4.1
2015 A-5.7
2015 S-6.5
2015 O-6.2
2015 N-4.7
2015 D-3.3
2016 J-2.7
2016 F-5
2016 M-5.4
2016 A-5.9
2016 M-5.3
2016 J-4.5
2016 J-4.2
2016 A-2.2
2016 S-0.7
2016 O1.5
2016 N1
2016 D4.4
2017 J7
2017 F8.6
2017 M7.7
2017 A7.5
2017 M4.9
2017 J3
2017 J3.1
2017 A3.6
2017 S4.1
2017 O2.8
2017 N3.7
2017 D2
18 J1.2

Price increase crude oil higher

In January 2018, the price of a barrel of North Sea Brent oil was almost 57 euros, over 8 percent higher than in January 2017. In December 2017, the crude oil barrel price stood at 54 euros, 3.5 percent up on December 2016.

Output prices are strongly affected by crude oil price developments. In January, prices of petroleum derivatives increased by almost 5 percent year-on-year. The average year-on-year price increase in December was slightly lower.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. Output prices of chemical products were over 3 percent up in January year-on-year. In December, the average year-on-year price increase was almost 6 percent.

The price increase of metal products, rubber and plastic products as well as the price increase in the automotive industry was also higher than average in manufacturing. On the other hand, prices of electronic products and food products as well as prices of machinery and equipment were below the level of twelve months previously.

Selling prices manufacturing by sector, January 2018 (year-on-year % change)
 % change
Petroleum products4.9
Chemical products3.3
Metal products2.7
Rubber and plastic2.1
Cars1.4
Machinery0.4
Repair and installation of machinery-1.4
Food products-1.5
Electronic products-4

Altogether, the nine 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 January

Prices of manufactured products rose by 0.3 percent in January relative to December. Prices on the domestic market and the foreign market rose by 0.4 and 0.3 percent respectively.

Index selling prices (2015=100)
 index
2014 F106.2
2014 M105.6
2014 A106.1
2014 M106.2
2014 J106.4
2014 J106.4
2014 A105.9
2014 S105.7
2014 O104.6
2014 N103.2
2014 D100.1
2015 J98.2
2015 F99.7
2015 M100.9
2015 A102
2015 M102.7
2015 J102.7
2015 J102
2015 A99.9
2015 S98.8
2015 O98
2015 N98.3
2015 D96.8
2016 J95.5
2016 F94.7
2016 M95.5
2016 A96
2016 M97.2
2016 J98.1
2016 J97.7
2016 A97.6
2016 S98.1
2016 O99.5
2016 N99.3
2016 D101
2017 J102.2
2017 F102.9
2017 M102.8
2017 A103.2
2017 M102
2017 J101.1
2017 J100.7
2017 A101.1
2017 S102.1
2017 O102.3
2017 N103.1
2017 D103.1
18 J103.4

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