Manufacturing output prices 0.5 percent lower in August

These are the most recent figures on this topic. View the previous figures here.
© ANP / Kim van Dam
Statistics Netherlands (CBS) reports that output prices for Dutch-manufactured products were 0.5 percent lower on average in August 2024 relative to one year previously. In July, the price increase was 1.0 percent year on year.

YearMonthchange (year-on-year % change)
2020September-4
2020October-3.8
2020November-3.5
2020December-3.1
2021januari-1.3
2021februari0.5
2021maart5.2
2021april9.4
2021mei9.9
2021juni9.9
2021juli11.6
2021augustus12.5
2021september13.6
2021oktober16.3
2021november16.8
2021december16.1
2022januari18
2022februari18.2
2022maart20.8
2022april23.5
2022mei23.8
2022juni24.9
2022juli23.8
2022augustus21.7
2022september19.9
2022oktober18.1
2022november15.5
2022december13.3
2023januari11.1
2023februari8.7
2023maart4
2023april0.2
2023mei-1.9
2023juni-3.7
2023juli-5.2
2023augustus-3.2
2023september-1.5
2023oktober-3.2
2023november-2.6
2023december-1.9
2024January-2.9
2024February-1.7
2024March-0.8
2024April-0.1
2024May0.3
2024June0.6
2024July1
2024August-0.5

Year-on-year decrease in crude oil prices

Output prices are generally strongly influenced by the price of crude oil. In August, a barrel of North Sea Brent crude cost 71.5 euros, more than 8 percent less than in August 2023. In July, the average price of a barrel of crude stood at over 77 euros, which was almost 7 percent higher than in July 2023.

Year on year, prices for petroleum derivatives were down by 18.1 percent in August, while in July they were down by 4.0 percent. In the chemical sector too, output prices tend to track the price of crude oil. Output prices for chemical products were 0.7 percent higher in August 2024 than they were in August 2023. In July, they were up by 1.6 percent year on year.

Category% change (year-on-year % change)
Machinery3.3
Food products2.6
Electronic products1.8
Chemical products0.7
Rubber and plastic-0.2
Metal products-1.3
Cars-1.3
Petroleum products-18.1
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Manufacturing output prices fell month on month in August

Output prices fell by 0.6 percent in August compared to July. Prices on the export market fell by 0.8 percent, while on the domestic market they fell by 0,2 percent.

YearMonth(2021=100) (2021=100)
2020September90
2020October90.2
2020November90.5
2020December91.2
2021januari93.1
2021februari94.5
2021maart96.1
2021april97.6
2021mei98.4
2021juni99
2021juli101
2021augustus101.6
2021september102.3
2021oktober104.8
2021november105.6
2021december105.8
2022januari109.9
2022februari111.7
2022maart116.2
2022april120.6
2022mei121.8
2022juni123.8
2022juli125
2022augustus123.7
2022september122.7
2022oktober123.9
2022november121.9
2022december119.9
2023januari122.2
2023februari121.5
2023maart120.8
2023april120.9
2023mei119.6
2023juni119.2
2023juli118.6
2023augustus119.7
2023september120.8
2023oktober119.9
2023november118.8
2023december117.6
2024January118.6
2024February119.4
2024March119.9
2024April120.8
2024May119.9
2024June119.9
2024July119.8
2024August119.1