Factory gate prices down in November

Selling prices of the Dutch manufacturing industry dropped by an average of 1,3 percent in November 2005 compared to October. The last time factory gate prices dropped was in May 2005. In November the prices on the domestic market dropped as much as the prices on the export market.

In November 2005 selling prices were on average 5.5 percent higher than in November 2004. Selling prices on the domestic market were 4.4 percent higher than the year before and export prices 6.2 percent. In the first eleven months of 2005 selling prices were on average 6.2 percent higher compared to the year before.

Prices of raw materials and semi-manufactured goods used in manufacturing industry dropped by 1.5 percent in November 2005 compared to October. Prices of imported raw materials and semi-manufactures fell by 1.9 percent. Prices of domestic raw materials and semi-manufactured goods dropped by 0.8 percent.

In November 2005 the prices of raw materials and semi-manufactured goods were 9.6 percent higher than in November 2004. Imported raw materials and semi-manufactures were 11.7 percent more expensive and domestic raw materials and semi-manufactures 6.5 percent. In the first eleven months of 2005 prices of raw materials and semi-manufactured goods were on average 9.8 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 November 2005 than in November 2004; prices of raw materials and semi-manufactured goods were 4.9 percent higher.

Factory gate prices