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
YearMonthchange (year-on-year % change)
2015February-6.1
2015March-4.5
2015April-3.8
2015May-3.3
2015June-3.5
2015July-4.1
2015August-5.7
2015September-6.5
2015October-6.2
2015November-4.7
2015December-3.3
2016January-2.7
2016February-5.0
2016March-5.4
2016April-5.9
2016May-5.3
2016June-4.5
2016July-4.2
2016August-2.2
2016September-0.7
2016October1.5
2016November1.0
2016December4.4
2017January7.0
2017February8.6
2017March7.7
2017April7.5
2017May4.9
2017June3.0
2017July3.1
2017August3.6
2017September4.1
2017October2.8
2017November3.8
2017December2.1
2018January1.5
2018February0.3
2018March0.6
2018April1.0
2018May3.7
2018June5.0
2018July5.4
2018August5.2
2018September4.7
2018October5.3
2018November2.7
2018December0.6
2019January1.2

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

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

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