Factory gate prices increased in August

Selling prices of the Dutch manufacturing industry increased by 0.9 percent in August 2005 compared to July. It is the third increase of the selling prices in a row. August’s price increase on the domestic market almost equal the price increase on the export market.

In August 2005 selling prices were on average 5.8 percent higher than in August 2004. Selling prices on the domestic market were 4.9 percent higher than the year before and export prices 6.5 percent. Since May 2004 selling prices of the manufacturing industry have been 6.3 percent higher on average compared to the year before.

Prices of raw materials and semi-manufactured goods used in manufacturing industry rose by 1.8 percent in August 2005 compared to July. Prices of imported raw materials and semi-manufactures increased by 2.3 percent. Prices of domestic raw materials and semi-manufactured goods rose by 1.1 percent.

In August 2005 the prices of raw materials and semi-manufactured goods were 10.4 percent higher than in August 2004. Imported raw materials and semi-manufactures were 13.4 percent more expensive and domestic raw materials and semi-manufactures 5.8 percent. Since May 2004 prices of raw materials and semi-manufactured goods have been 10 percent higher on average compared to the year before.

Prices of crude oil and oil products largely account for the development of producer prices. Excluding the oil industry, selling prices of Dutch manufacturing industry were 2.1 percent higher in August 2005 than in August 2004; prices of raw materials and semi-manufactured goods were 4.3 percent higher.

Factory gate prices