Manufacturing output prices almost 12 percent up in April

Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 11.8 percent up in April 2021 year-on-year. In the previous month, prices were 6.8 percent up.

Producer prices
YearMonthchange (year-on-year % change)
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
2020May-7.8
2020June-5.5
2020July-4.8
2020August-4.2
2020September-5.3
2020October-5
2020November-4.6
2020December-4.1
2021January-2
2021February0.7
2021March6.8
2021April11.8

Soaring crude oil prices

Output prices are strongly affected by crude oil price developments. In April 2021, the crude oil barrel price stood at over 54 euros, approximately 121 percent up on April 2020. In March 2021, the price of a barrel of crude North Sea Brent oil was over 55 euros, 77 percent higher than in March 2020.

In April, prices of petroleum derivatives were up by 95.4 percent year-on-year. In March, they were up by 55.5 percent. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 29.4 percent higher in April than in the same month last year. In March, prices increased by 12.2 percent year-on-year.

Prices in over 80 percent of the manufacturing sectors were higher in April 2021 than in the same month last year.

Producer prices manufacturing by sector*, April 2021
Category% change (year-on-year % change)
Petroleum products95.4
Chemical products29.4
Food products5
Rubber and plastic4.7
Metal products2.8
Cars1.7
Machinery0.5
Electronic products-2.5
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in April

Manufacturing output prices rose by 1.4 percent in April relative to March. They increased by 1.5 percent on the export market and by 1.4 percent on the domestic market.

Index producer prices
YearMonth(2015=100) (2015=100)
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
2020February106.3
2020March102.2
2020April99.1
2020May99.4
2020June100.6
2020July101.2
2020August101.1
2020September100.5
2020October100.8
2020November101.2
2020December102.3
2021January104.8
2021February107
2021March109.2
2021April110.7