Manufacturing output prices almost 3 percent up

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 2.6 percent up in December 2019 year-on-year. In the previous month, prices were more or less the same as one year previously.

Producer prices
YearMonthchange (year-on-year % change)
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
2019November0.1
2019December2.6

Crude oil price up

In December 2019, the crude oil barrel price stood at almost 59 euros, approximately 15 percent up on December 2018. In November 2019, the price of a barrel of crude North Sea Brent oil was almost 57 euros, over 2 percent lower than in November 2018. 

Output prices are strongly affected by crude oil price developments. In December, prices of petroleum derivatives increased by 12.2 percent year-on-year. Prices were down by 5.4 percent in November.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 4.2 percent lower in December than in the same month one year previously. In November, prices decreased by 7.3 percent year-on-year.

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

Producer prices manufacturing by sector*, December 2019
Categoriy% change (year-on-year % change)
Petroleum products12.2
Metal products3.6
Food products3.5
Machinery2.9
Cars2.6
Electronic products2.3
Rubber and plastic-0.1
Chemical products-4.2
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in December

Manufacturing output prices rose by 0.3 percent in December relative to November. They increased by 0.6 percent on the domestic market and by 0.1 percent on the export market.

Index producer prices
YearMonth(2015=100) (2015=100)
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
2019November106.1
2019December106.4

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

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