Crude oil price up
In March 2019, the price of a barrel of crude North Sea Brent oil was over 59 euros, almost 10 percent higher than in March 2018. In February 2019, the crude oil barrel price stood at almost 57 euros, over 7 percent up on February 2018.
Output prices are strongly affected by crude oil price developments. In March, prices of petroleum derivatives increased by almost 12 percent year-on-year. In February, prices increased by almost 7 percent.
In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 0.6 percent lower in March than in the same month last year. In February, prices decreased by 1.5 percent year-on-year.
Prices in most other sectors of manufacturing were higher than in March 2018.
|Rubber and plastic||0.1|
|*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry|
Prices of manufactured products increased in March
Prices of manufactured products rose by 0.7 percent in March relative to February. Prices on the domestic market increased by 0.5 percent and on the export market by 0.8 percent.