Manufacturing output prices almost 1 percent up

© Hollandse Hoogte
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 0.7 percent up in March 2018 year-on-year. The price increase was slightly higher than in the previous month, when prices in manufacturing were 0.3 percent higher.

Selling prices (year-on-year % change)
   change
2014A-0.9
M-0.4
J0.1
J-0.5
A-1
S-1
O-1.2
N-2.6
D-5.7
2015J-7.5
F-6.1
M-4.5
A-3.8
M-3.3
J-3.5
J-4.1
A-5.7
S-6.5
O-6.2
N-4.7
D-3.3
2016J-2.7
F-5
M-5.4
A-5.9
M-5.4
J-4.5
J-4.2
A-2.2
S-0.7
O1.5
N1
D4.4
2017J7
F8.6
M7.7
A7.5
M4.9
J3
J3.1
A3.6
S4.1
O2.8
N3.7
D2
18J1.5
F0.3
M0.7

Price increase crude oil higher

In March 2018, the price of a barrel of North Sea Brent oil was 54 euros, 10 percent higher than in March 2017. In February 2018, the crude oil barrel price stood at 53 euros, almost 1 percent up on February 2017.

Output prices are strongly affected by crude oil price developments. In March, prices of petroleum derivatives increased by 4 percent year-on-year. In February, prices decreased by over 1 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 almost 1 percent down in March year-on-year. In February, the average year-on-year price increase was 1 percent.

Just as in the petroleum industry, price increases of metal products, rubber and plastic products as well as in the automotive industry were also higher than the average price increase in manufacturing.

On the other hand, prices of electronic products and food products as well as prices in the branch repair and installation of machinery were below the level of twelve months previously.

Selling prices manufacturing by sector*, March 2018 (year-on-year % change)
 change
Petroleum products4
Metal products2.4
Cars1.6
Rubber and plastic1.3
Machinery0.6
Chemical products-0.6
Food products-0.6
Repair and installation of machinery-1.5
Electronic products-3.8
*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 March

Prices of manufactured products rose by 0.3 percent in March relative to February. Prices on the domestic market as well as on the foreign market increased by 0.3 percent.

Index selling prices (2015=100)
   index
2014M105.6
A106.1
M106.2
J106.4
J106.4
A105.9
S105.7
O104.6
N103.2
D100.1
2015J98.2
F99.7
M100.9
A102
M102.7
J102.7
J102
A99.9
S98.8
O98
N98.3
D96.8
2016J95.5
F94.7
M95.5
A96
M97.2
J98.1
J97.7
A97.6
S98.1
O99.5
N99.3
D101
2017J102.2
F102.9
M102.8
A103.2
M102
J101.1
J100.7
A101.1
S102.1
O102.3
N103.1
D103.1
18J103.7
F103.2
M103.5

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