Manufacturing output prices 5 percent up in June
|mutatie (year-on-year % change)|
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.
|% change (year-on-year % change)|
|Rubber and plastic||1.7|
|Repair and installation of machinery||-0.1|
|* 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.
- StatLine - Producer Prices Index
- StatLine - Producer Prices Index (PPI); output and import prices by product
- Dossier - Business Cycle