Manufacturing output prices almost 4 percent up in May

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 3.7 percent up in May 2018 year-on-year. The price increase was higher than in the previous month, when prices in manufacturing were 1 percent higher.

Producer prices
   mutatie (year-on-year % change)
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-5.3
2016J-4.5
2016J-4.2
2016A-2.2
2016S-0.7
2016O1.5
2016N1
2016D4.4
2017J7
2017F8.6
2017M7.7
2017A7.5
2017M4.9
2017J3
2017J3.1
2017A3.6
2017S4.1
2017O2.8
2017N3.8
2017D2.1
18J1.5
18F0.3
18M0.6
18A1
18M3.7

Price increase crude oil higher

In May 2018, the price of a barrel of North Sea Brent oil was over 65 euros, over 40 percent higher than in May 2017. In April 2018, the crude oil barrel price stood at 58.5 euros, over 16 percent up on April 2017.

Output prices are strongly affected by crude oil price developments. In May, prices of petroleum derivatives increased by 33.5 percent year-on-year. In April, prices increased by over 11 percent year-on-year.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. In May, output prices of chemical products were 3 percent higher than in the same month last year. In April, prices decreased by 0.5 percent year-on-year.

Furthermore, prices in the automotive industry as well as prices of metal products, rubber and plastic products and of machinery were higher than twelve months previously. On the other hand, prices of electronic products and food products as well as average prices in the branch repair and installation of machinery were below the level of twelve months previously.

Producer prices manufacturing by sector*, May 2018
 % change (year-on-year % change)
Petroleum products33.5
Chemical products3
Cars1.5
Metal products1.4
Rubber and plastic1.1
Machinery0.9
Repair and installation of machinery-0.5
Electronic products-1.3
Food products-1.5
*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 in May

Prices of manufactured products rose by 1.4 percent in May relative to April. Prices on the domestic market increased by 0.9 percent, prices on the foreign market by 1.8 percent.

Index producer prices
   index (2015=100)
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
2018J103.7
2018F103.2
2018M103.5
2018A104.3
2018M105.7

Sources

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