Manufacturing output prices 3.2 percent up in April

© Hollandse Hoogte
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were 3.2 percent up in April 2019 year-on-year. The increase was higher than in the previous month, when prices in manufacturing were up by 2.6 percent.

Producer prices (year-on-year % change)
YearMonthchange
2015May-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
September4.8
October5.3
November2.7
December0.6
2019January0.9
February2.1
March2.6
April3.2

Crude oil price up

In April 2019, the price of a barrel of crude North Sea Brent oil was slightly under 64 euros, almost 9 percent higher than in April 2018. In March 2019, the crude oil barrel price stood at over 59 euros, almost 10 percent up on March 2018.

Output prices are strongly affected by crude oil price developments. In April, prices of petroleum derivatives increased by over 10 percent year-on-year. Prices were up by almost 12 percent in March.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 0.7 percent higher in April than in the same month last year. In March, prices decreased by 0.5 percent year-on-year.

Prices in most sectors of manufacturing were higher in April 2019 than in the same month one year previously.

Producer prices manufacturing by sector*, April 2019 (year-on-year % change)
 % change
Petroleum products10.2
Electronic products5.1
Cars3
Machinery2.3
Metal products2.1
Food products1.9
Chemical products0.7
Rubber and plastic0
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in April

Manufacturing output prices rose by 1.4 percent in April relative to March. They increased by 1.3 percent on the domestic market and by 1.4 percent on the export market.

Index producer prices (2015=100)
YearMonth(2015=100)
2015May102.7
June102.7
July102
August99.9
September98.8
October98
November98.3
December96.8
2016January95.5
February94.7
March95.5
April96
May97.2
June98.1
July97.7
August97.6
September98.1
October99.5
November99.3
December101
2017January102.2
February102.9
March102.8
April103.2
May102
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
September107.1
October107.7
November105.9
December103.7
2019January104.7
February105.3
March106.1
April107.6

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

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