Manufacturing output prices over 2 percent up

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 2.1 percent up in January 2020 year-on-year. In the previous month, prices were 2.8 percent up.

Producer prices (year-on-year % change)
YearMonthchange
2016February-5
March-5.4
April-5.9
May-5.3
June-4.5
July-4.2
August-2.2
September-0.7
October1.5
November1
December4.4
2017January7
February8.6
March7.7
April7.5
May4.9
June3
July3.1
August3.6
September4.1
October2.8
November3.8
December2.1
2018January1.5
February0.3
March0.6
April1
May3.7
June5
July5.4
August5.2
September4.8
October5.3
November2.7
December0.6
2019January1
February2.1
March2.6
April3.3
May2
June0.4
July0.1
August-0.8
September-0.7
October-1.5
November0.2
December2.8
2020January2.1

Smaller crude oil price increase

In January 2020, the crude oil barrel price stood at over 57 euros, almost 9 percent up on January 2019. In December 2019, the price of a barrel of crude North Sea Brent oil was almost 59 euros, approximately 15 percent higher than in December 2018. 

Output prices are strongly affected by crude oil price developments. In January, prices of petroleum derivatives increased by 7.6 percent year-on-year. Prices were up by 12.2 percent in December.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 1.8 percent lower in January than in the same month last year. In December, prices decreased by 3.8 percent year-on-year.

Prices in most sectors of manufacturing were higher in January 2020 than in the same month last year.

Producer prices manufacturing by sector*, January 2020 (year-on-year % change)
Categoriy% change
Petroleum products7.6
Food products4.5
Metal products2.6
Machinery2.4
Electronic products1.2
Cars0.8
Rubber and plastic0.1
Chemical products-1.8
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in January

Manufacturing output prices rose by 0.3 percent in January relative to December. They increased by 0.4 percent on the domestic market and by 0.2 percent on the export market.

Index producer prices (2015=100)
YearMonth(2015=100)
2016February94.7
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
March106.2
April107.7
May107.9
June106.5
July106.3
August105.5
September106.1
October106
November106.1
December106.6
2020January106.9

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

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