Manufacturing output prices over 1 percent up in April

© Hollandse Hoogte
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 1.1 percent up in April 2018 year-on-year. The price increase was slightly higher than in the previous month, when prices in manufacturing were 0.6 percent higher.

Producer prices (year-on-year % change)
 change
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 N3.8
2017 D2.1
18 J1.5
18 F0.3
18 M0.6
18 A1.1

Price increase crude oil higher

In April 2018, the price of a barrel of North Sea Brent oil was 58.50 euros, over 16 percent higher than in April 2017. In March 2018, the crude oil barrel price stood at 54 euros, 10 percent up on March 2017.

Output prices are strongly affected by crude oil price developments. In April, prices of petroleum derivatives increased by over 11 percent year-on-year. In March, prices increased by almost 4 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 the same as one year previously. In March, prices decreased almost 1 percent year-on-year.

Just as in the petroleum industry, the price increase of metal products as well as the price increase in the automotive industry was higher than average in manufacturing. Prices of rubber and plastic products as well as prices in the machinery industry were also higher year-on-year.

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.

Producer prices manufacturing by sector*, April 2018 (year-on-year % change)
 change
Petroleum products11.4
Metal products1.9
Cars1.3
Rubber and plastic1
Machinery0.5
Chemical products-0.1
Food products-1.3
Repair and installation of machinery-1.6
Electronic products-3.7
*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 April

Prices of manufactured products rose by 0.8 percent in April relative to March. Prices on the domestic market increased by 0.8 percent, prices on the foreign market by 0.7 percent.

Index producer prices (2015=100)
 index
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
2018 J103.7
2018 F103.2
2018 M103.5
2018 A104.3

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