Manufacturing output prices down

29/11/2019 15:00

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Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products decreased by 1.6 percent in October 2019 year-on-year. The price decrease was larger than in the previous month, when prices were down by 0.7 percent.

Producer prices
Year	Month	change (year-on-year % change)
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
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	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.8
2019	September	-0.7
2019	October	-1.6

Producer prices
Year	Month	change (year-on-year % change)
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
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	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.8
2019	September	-0.7
2019	October	-1.6

Larger decrease in crude oil price

In October 2019, the price of a barrel of crude North Sea Brent oil was 54 euros, 23 percent lower than in October 2018. In September 2019, the crude oil barrel price stood at 56 euros, around 17 percent down on September 2018.

Output prices are strongly affected by crude oil price developments. In October, prices of petroleum derivatives decreased by 18.0 percent year-on-year. Prices were down by 12.0 percent in September.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 7.0 percent lower in October than in the same month last year. In September, prices decreased by 6.5 percent year-on-year.

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

Producer prices manufacturing by sector*, October 2019
Categoriy	% change (year-on-year % change)
Metal products	3.1
Electronic products	2.8
Machinery	2.8
Cars	2
Food products	1.7
Rubber and plastic	-0.1
Chemical products	-7
Petroleum products	-18

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Producer prices manufacturing by sector*, October 2019
Categoriy	% change (year-on-year % change)
Metal products	3.1
Electronic products	2.8
Machinery	2.8
Cars	2
Food products	1.7
Rubber and plastic	-0.1
Chemical products	-7
Petroleum products	-18

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products decreased in October

Manufacturing output prices fell by 0.2 percent in October relative to September. They increased by 0.5 percent on the domestic market, but decreased by 0.7 percent on the export market.

Index producer prices
Year	Month	(2015=100) (2015=100)
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.5
2019	September	106.1
2019	October	105.9

Index producer prices
Year	Month	(2015=100) (2015=100)
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.5
2019	September	106.1
2019	October	105.9

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

Sources

StatLine - Producer Price Index
StatLine - Producer Price Index (PPI); output and importprices by product

Larger decrease in crude oil price

Prices of manufactured products decreased in October

Sources

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