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
2014M-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-5.3
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
N3.8
D2.1
18J1.5
F0.3
M0.6
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
2014M106.2
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
2018J103.7
F103.2
M103.5
A104.3

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