Manufacturing output prices over 8 percent down in April

© Hollandse Hoogte / Frans Lemmens luchtfotografie
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 8.2 percent down in April 2020 year-on-year. In the previous month, prices were 3.8 percent down.

Producer prices
YearMonthchange (year-on-year % change)
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-1.5
2019November0.2
2019December2.9
2020January2.2
2020February0.9
2020March-3.8
2020April-8.2

Larger decrease in crude oil price

Output prices are strongly affected by crude oil price developments. In April 2020, the crude oil barrel price stood at nearly 25 euros, over 61 percent down on April 2019. In March 2020, the price of a barrel of crude North Sea Brent oil was 31 euros, almost 48 percent lower than in March 2019.

In April, prices of petroleum derivatives decreased by 57.8 percent year-on-year. Prices were down by 41.4 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 16.1 percent lower in April than in the same month last year. In March, prices decreased by 6.5 percent year-on-year.

Prices in slightly more than half of the manufacturing sectors were higher in April 2020 than in the same month last year.

Producer prices manufacturing by sector*, April 2020
Categoriy% change (year-on-year % change)
Cars2.1
Machinery1.9
Electronic products1.9
Food products1.7
Metal products1.6
Rubber and plastic-1
Chemical products-16.1
Petroleum products-57.8
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products decreased in April

Manufacturing output prices fell by 3.1 percent in April relative to March. They decreased by 2.6 percent on the domestic market and by 3.7 percent on the export market.

Index producer prices
YearMonth(2015=100) (2015=100)
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
2019December106.7
2020January107
2020February106.2
2020March102.2
2020April99

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

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