Factory gate prices slightly up in October

Selling prices of the Dutch manufacturing industry increased by 0.6 percent in October 2005 compared to September. It is the fifth increase of the selling prices in a row. October’s price increase on the domestic market almost equal the price increase on the export market.

In October 2005 selling prices were on average 5.6 percent higher than in October 2004. Selling prices on the domestic market were 4.8 percent higher than the year before and export prices 6.2 percent. In the first nine months of 2005 selling prices were on average 6.3 percent higher compared to the year before.

Prices of raw materials and semi-manufactured goods used in manufacturing industry rose by 0.9 percent in October 2005 compared to September. Prices of imported raw materials and semi-manufactures increased by 0.4 percent. Prices of domestic raw materials and semi-manufactured goods rose by 1.7 percent.

In October 2005 the prices of raw materials and semi-manufactured goods were 8.8 percent higher than in October 2004. Imported raw materials and semi-manufactures were 10.5 percent more expensive and domestic raw materials and semi-manufactures 6.2 percent. In the first nine months of 2005 prices of raw materials and semi-manufactured goods were on average 9.9 percent higher 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 2.5 percent higher in October 2005 than in October 2004; prices of raw materials and semi-manufactured goods were 4.6 percent higher.

Factory gate prices