Manufacturing output prices unchanged

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products in November 2019 were on average the same as in November 2018 year-on-year. In the previous month, prices were down by 1.6 percent.

Producer prices
YearMonthchange (year-on-year % change)
December-3.3
2016January-2.7
2016February-5
2016March-5.4
2016April-5.9
2016May-5.3
2016June-4.5
2016July-4.2
2016August-2.2
2016September-0.7
2016October1.5
2016November1
2016December4.4
2017January7
2017February8.6
2017March7.7
2017April7.5
2017May4.9
2017June3
2017July3.1
2017August3.6
2017September4.1
2017October2.8
2017November3.8
2017December2.1
2018January1.5
2018February0.3
2018March0.6
2018April1
2018May3.7
2018June5
2018July5.4
2018August5.2
2018September4.8
2018October5.3
2018November2.7
2018December0.6
2019January1
2019February2.1
2019March2.6
2019April3.3
2019May2
2019June0.4
2019July0.1
2019August-0.8
2019September-0.7
2019October-1.6
2019November0.0

Smaller decrease in crude oil price

In November 2019, the crude oil barrel price stood at almost 57 euros, over 2 percent down on November 2018. In October 2019, the price of a barrel of crude North Sea Brent oil was 54 euros, , approximately 23 percent lower than in October 2018.

Output prices are strongly affected by crude oil price developments. In November, prices of petroleum derivatives decreased by 5.5 percent year-on-year. Prices were down by 18.0 percent in October.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 7.6 percent lower in November than in the same month last year. In October, prices decreased by 6.6 percent year-on-year.

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

Producer prices manufacturing by sector*, November 2019
Categoriy% change (year-on-year % change)
Metal products3.1
Machinery2.8
Food products2.7
Electronic products2.3
Cars2.0
Rubber and plastic-0.2
Petroleum products-5.5
Chemical products-7.6
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products decreased in November

Manufacturing output prices fell by 0.1 percent in November relative to October. They decreased by 0.1 percent on the domestic market, but remained the same on the export market.

Index producer prices
YearMonth(2015=100) (2015=100)
December96.8
2016January95.5
2016February94.7
2016March95.5
2016April96
2016May97.2
2016June98.1
2016July97.7
2016August97.6
2016September98.1
2016October99.5
2016November99.3
2016December101
2017January102.2
2017February102.9
2017March102.8
2017April103.2
2017May102
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
2018September107.1
2018October107.7
2018November105.9
2018December103.7
2019January104.7
2019February105.3
2019March106.2
2019April107.7
2019May107.9
2019June106.5
2019July106.3
2019August105.5
2019September106.1
2019October106.0
2019November105.9

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

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