Manufacturing output prices over 5 percent up

30/11/2018 15:00

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Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 5.3 percent up in October 2018 year-on-year. The price increase was higher than in the previous month, when prices in manufacturing were up by 4.7 percent.

Producer prices
Year	Month	change (year-on-year % change)
2014	November	-2.6
2014	December	-5.7
2015	January	-7.5
2015	February	-6.1
2015	March	-4.5
2015	April	-3.8
2015	May	-3.3
2015	June	-3.5
2015	July	-4.1
2015	August	-5.7
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.1
2018	September	4.7
2018	October	5.3

Producer prices
Year	Month	change (year-on-year % change)
2014	November	-2.6
2014	December	-5.7
2015	January	-7.5
2015	February	-6.1
2015	March	-4.5
2015	April	-3.8
2015	May	-3.3
2015	June	-3.5
2015	July	-4.1
2015	August	-5.7
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.1
2018	September	4.7
2018	October	5.3

Lower increase in crude oil price

In October 2018, the price of a barrel of crude North Sea Brent oil was over 70 euros, more than 43 percent higher than in October 2017. In September 2018, the crude oil barrel price stood at almost 68 euros, nearly 46 percent up on September 2017.

Output prices are strongly affected by crude oil price developments. In October, prices of petroleum derivatives increased by almost 35 percent year-on-year. The price increase in September was over 29 percent.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were over 7 percent higher in October than in the same month last year. The year-on-year price increase in September was 8 percent.

Furthermore, prices in the automotive industry as well as prices of electrotechnical products, rubber and plastic products, machinery, metal products, and food products were higher than in October 2017.

Producer prices manufacturing by sector*, October 2018
	% change (year-on-year % change)
Petroleum products	34.6
Chemical products	7.3
Cars	2.6
Electronic products	2.1
Rubber and plastic	1.2
Machinery	1.2
Metal products	0.9
Food products	0.2
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Producer prices manufacturing by sector*, October 2018
	% change (year-on-year % change)
Petroleum products	34.6
Chemical products	7.3
Cars	2.6
Electronic products	2.1
Rubber and plastic	1.2
Machinery	1.2
Metal products	0.9
Food products	0.2
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products rose in October

Prices of manufactured products rose by 0.7 percent in October relative to September. Prices on the domestic market increased by 0.5 percent and on the foreign market by 0.8 percent.

Index producer prices
Year	Month	index (2015=100)
2014	November	103.2
2014	December	100.1
2015	January	98.2
2015	February	99.7
2015	March	100.9
2015	April	102
2015	May	102.7
2015	June	102.7
2015	July	102
2015	August	99.9
2015	September	98.8
2015	October	98
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.3
2018	September	106.9
2018	October	107.7

Index producer prices
Year	Month	index (2015=100)
2014	November	103.2
2014	December	100.1
2015	January	98.2
2015	February	99.7
2015	March	100.9
2015	April	102
2015	May	102.7
2015	June	102.7
2015	July	102
2015	August	99.9
2015	September	98.8
2015	October	98
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.3
2018	September	106.9
2018	October	107.7

Sources

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

Lower increase in crude oil price

Prices of manufactured products rose in October

Sources

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