Manufacturing output prices over 5 percent up

28/09/2018 15:00

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 5.2 percent up in August 2018 year-on-year. The price increase was slightly lower than in the previous month, when prices in manufacturing were 5.5 percent higher.

Producer prices (year-on-year % change)
Year	Month	change
2014	September	-1
	October	-1.2
	November	-2.6
	December	-5.7
2015	January	-7.5
	February	-6.1
	March	-4.5
	April	-3.8
	May	-3.3
	June	-3.5
	July	-4.1
	August	-5.7
	September	-6.5
	October	-6.2
	November	-4.7
	December	-3.3
2016	January	-2.7
	February	-5
	March	-5.4
	April	-5.9
	May	-5.3
	June	-4.5
	July	-4.2
	August	-2.2
	September	-0.7
	October	1.5
	November	1
	December	4.4
2017	January	7
	February	8.6
	March	7.7
	April	7.5
	May	4.9
	June	3
	July	3.1
	August	3.6
	September	4.1
	October	2.8
	November	3.8
	December	2.1
2018	January	1.5
	February	0.3
	March	0.6
	April	1.1
	May	3.7
	June	5
	July	5.5
	August	5.2

Price increase crude oil slightly lower

In August 2018, the price of a barrel of North Sea Brent oil was almost 64 euros, 45 percent higher than in August 2017. In July 2018, the crude oil barrel price stood at over 64 euros, more than 50 percent up on July 2017.

Output prices are strongly affected by crude oil price developments. In August, prices of petroleum derivatives increased by almost 35 percent year-on-year. The price increase in the preceding month was 40 percent.

In the chemical industry as well, output prices are affected by changes in the price of crude oil. Output prices of chemical products were nearly 10 percent higher in August than in the same month last year. The price increase is the same as in July.

Furthermore, prices in the automotive industry as well as prices of metal products, rubber and plastic products, machinery and of electrotechnical products were higher than twelve months previously. On the other hand, prices of food products were below the level of one year previously.

Producer prices manufacturing by sector*, August 2018 (year-on-year % change)
	% change
Petroleum products	34.7
Chemical products	9.7
Electronic products	2.2
Cars	2
Rubber and plastic	1.3
Metal products	1.3
Machinery	1.1
Food products	-1.1

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products more or less equal to July

Prices of manufactured products in August were about the same as in July. Prices on the domestic and foreign markets also hardly changed.

Index producer prices (2015=100)
Year	Month	index
2014	September	105.7
	October	104.6
	November	103.2
	December	100.1
2015	January	98.2
	February	99.7
	March	100.9
	April	102
	May	102.7
	June	102.7
	July	102
	August	99.9
	September	98.8
	October	98
	November	98.3
	December	96.8
2016	January	95.5
	February	94.7
	March	95.5
	April	96
	May	97.2
	June	98.1
	July	97.7
	August	97.6
	September	98.1
	October	99.5
	November	99.3
	December	101
2017	January	102.2
	February	102.9
	March	102.8
	April	103.2
	May	102
	June	101.1
	July	100.7
	August	101.1
	September	102.1
	October	102.3
	November	103.1
	December	103.1
2018	January	103.7
	February	103.2
	March	103.5
	April	104.3
	May	105.8
	June	106.2
	July	106.3
	August	106.4

Sources

StatLine - Producer Prices Index
StatLine - Producer Prices Index (PPI); output and import prices by product

Price increase crude oil slightly lower

Prices of manufactured products more or less equal to July

Sources

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