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)
YearMonthchange
2015February-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
2016January-2.7
February-5.0
March-5.4
April-5.9
May-5.3
June-4.5
July-4.2
August-2.2
September-0.7
October1.5
November1.0
December4.4
2017January7.0
February8.6
March7.7
April7.5
May4.9
June3.0
July3.1
August3.6
September4.1
October2.8
November3.8
December2.1
2018January1.5
February0.3
March0.6
April1.0
May3.7
June5.0
July5.4
August5.2
September4.7
October5.3
November2.7
December0.6
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)
YearMonth(2015=100)
2015February99.7
March100.9
April102.0
May102.7
June102.7
July102.0
August99.9
September98.8
October98.0
November98.3
December96.8
2016January95.5
February94.7
March95.5
April96.0
May97.2
June98.1
July97.7
August97.6
September98.1
October99.5
November99.3
December101.0
2017January102.2
February102.9
March102.8
April103.2
May102.0
June101.1
July100.7
August101.1
September102.1
October102.3
November103.1
December103.1
2018January103.7
February103.2
March103.5
April104.2
May105.7
June106.1
July106.2
August106.4
September106.9
October107.7
November105.9
December103.7
January104.9

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

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