Manufacturing output prices slightly up in February

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 0.3 percent up in February 2018 year-on-year. The price increase was lower than in the previous month, when prices in manufacturing were 1.4 percent higher.

Selling prices
   mutatie (year-on-year % change)
2014M-2.2
2014A-0.9
2014M-0.4
2014J0.1
2014J-0.5
2014A-1
2014S-1
2014O-1.2
2014N-2.6
2014D-5.7
2015J-7.5
2015F-6.1
2015M-4.5
2015A-3.8
2015M-3.3
2015J-3.5
2015J-4.1
2015A-5.7
2015S-6.5
2015O-6.2
2015N-4.7
2015D-3.3
2016J-2.7
2016F-5
2016M-5.4
2016A-5.9
2016M-5.4
2016J-4.5
2016J-4.2
2016A-2.2
2016S-0.7
2016O1.5
2016N1
2016D4.4
2017J7
2017F8.7
2017M7.6
2017A7.5
2017M4.9
2017J3.1
2017J3.1
2017A3.6
2017S4.1
2017O2.8
2017N3.8
2017D2.1
18J1.4
18F0.3

Price increase crude oil lower

In February 2018, the price of a barrel of North Sea Brent oil was 53 euros, almost 1 percent higher than in February 2017. In January 2018, the crude oil barrel price stood at almost 57 euros, over 8 percent up on January 2017.

Output prices are strongly affected by crude oil price developments. In February, prices of petroleum derivatives decreased by over 1 percent year-on-year. In January, prices increased by over 5 percent year-on-year.

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 1 percent up in February year-on-year. In January, the average year-on-year price increase was almost 4 percent.

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

Selling prices manufacturing by sector, February 2018
 % change (year-on-year % change)
Metal products2.9
Rubber and plastic2
Cars1.7
Chemical products1.1
Machinery0.6
Repair and installation of machinery-1.2
Petroleum products-1.3
Food products-1.5
Electronic products-4.1


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 fell slightly in February

Prices of manufactured products fell by 0.4 percent in February relative to January. Prices on the domestic market remained the same as in the previous month while prices on the foreign market dropped by 0.8 percent.

Index selling prices
   index (2015=100)
2014M105.6
2014A106.1
2014M106.2
2014J106.4
2014J106.4
2014A105.9
2014S105.7
2014O104.6
2014N103.2
2014D100.1
2015J98.2
2015F99.7
2015M100.9
2015A102
2015M102.7
2015J102.7
2015J102
2015A99.9
2015S98.8
2015O98
2015N98.3
2015D96.8
2016J95.5
2016F94.7
2016M95.5
2016A96
2016M97.2
2016J98.1
2016J97.7
2016A97.6
2016S98.1
2016O99.5
2016N99.3
2016D101
2017J102.2
2017F102.9
2017M102.8
2017A103.2
2017M102
2017J101.1
2017J100.7
2017A101.1
2017S102.1
2017O102.3
2017N103.1
2017D103.1
18J103.6
18F103.2

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