Manufacturing output prices 5 percent up in June

© Hollandse Hoogte
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 5 percent up in June 2018 year-on-year. The price increase was higher than in the previous month, when prices in manufacturing were 3.7 percent higher.

Selling prices (year-on-year % change)
   mutatie
2014J0.1
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
M3.7
J5

Price increase crude oil higher

In June 2018, the price of a barrel of North Sea Brent oil was 65 euros, over 53 percent higher than in June 2017. In May 2018, the crude oil barrel price stood at over 65 euros, over 40 percent up on May 2017.

Output prices are strongly affected by crude oil price developments. In June, prices of petroleum derivatives increased by 40.5 percent year-on-year. In May, prices increased by 33.5 percent year-on-year.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. In June, output prices of chemical products were over 7 percent higher than in the same month last year. In May, prices increased by 3.0 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 were below the level of twelve months previously.

Selling prices manufacturing by sector, June 2018 (year-on-year % change)
 % change
Petroleum products40.5
Chemical products7.1
Cars1.8
Rubber and plastic1.7
Metal products1.4
Machinery1
Repair and installation of machinery-0.1
Electronic products-0.4
Food products-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 rose in June

Prices of manufactured products rose by 0.4 percent in June relative to May. Prices on the domestic market increased by 0.4 percent, prices on the foreign market by 0.5 percent.

Index selling prices (2015=100)
   index
2014J106.4
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
M105.7
J106.2

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