Manufacturing output prices over 1 percent up

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 1.2 percent up in January 2019 year-on-year. The price increase was higher than in the previous month, when prices in manufacturing were up by 0.6 percent.

Producer prices (year-on-year % change)
 change
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-5.0
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 October1.5
2016 November1.0
2016 December4.4
2017 January7.0
2017 February8.6
2017 March7.7
2017 April7.5
2017 May4.9
2017 June3.0
2017 July3.1
2017 August3.6
2017 September4.1
2017 October2.8
2017 November3.8
2017 December2.1
2018 January1.5
2018 February0.3
2018 March0.6
2018 April1.0
2018 May3.7
2018 June5.0
2018 July5.4
2018 August5.2
2018 September4.7
2018 October5.3
2018 November2.7
2018 December0.6
2019 January1.2

Crude oil price down

In January 2019, the price of a barrel of crude North Sea Brent oil was almost 53 euros, almost 7 percent lower than in January 2018. In December 2018, the crude oil barrel price stood at 51 euros, over 5 percent down on December 2017.

Output prices are strongly affected by crude oil price developments. In January, prices of petroleum derivatives decreased by over 6 percent year-on-year. In December, prices decreased by over 5 percent.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were almost 1 percent lower in January than in the same month last year. In December, prices increased by over 1 percent year-on-year.

Prices in several other sectors of manufacturing, however, were higher than in January 2018.

Producer prices manufacturing by sector*, January 2019 (year-on-year % change)
 % change
Cars7.7
Electronic products4.5
Machinery2.1
Metal products1.8
Food products1.7
Rubber and plastic0.2
Chemical products-0.8
Petroleum products-6.4
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in January

Prices of manufactured products rose by over 1 percent in January relative to December. Prices on the domestic market increased by nearly 2 percent and on the export market by nearly 1 percent.

Index producer prices (2015=100)
 (2015=100)
2015 February99.7
2015 March100.9
2015 April102.0
2015 May102.7
2015 June102.7
2015 July102.0
2015 August99.9
2015 September98.8
2015 October98.0
2015 November98.3
2015 December96.8
2016 January95.5
2016 February94.7
2016 March95.5
2016 April96.0
2016 May97.2
2016 June98.1
2016 July97.7
2016 August97.6
2016 September98.1
2016 October99.5
2016 November99.3
2016 December101.0
2017 January102.2
2017 February102.9
2017 March102.8
2017 April103.2
2017 May102.0
2017 June101.1
2017 July100.7
2017 August101.1
2017 September102.1
2017 October102.3
2017 November103.1
2017 December103.1
2018 January103.7
2018 February103.2
2018 March103.5
2018 April104.2
2018 May105.7
2018 June106.1
2018 July106.2
2018 August106.4
2018 September106.9
2018 October107.7
2018 November105.9
2018 December103.7
2019 January104.9

The figures in this publication are provisional and may be revised upwards or downwards.

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