Manufacturing output prices down again

30/10/2019 15:00

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Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products decreased by 0.7 percent in September 2019 year-on-year. The price decrease was the same as in the previous month, when prices were down for the first time in almost 3 years

Producer prices
Year	Month	change (year-on-year % change)
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.7
2019	September	-0.7

Producer prices
Year	Month	change (year-on-year % change)
2015	September	-6.5
2015	October	-6.2
2015	November	-4.7
2015	December	-3.3
2016	January	-2.7
2016	February	-5
2016	March	-5.4
2016	April	-5.9
2016	May	-5.3
2016	June	-4.5
2016	July	-4.2
2016	August	-2.2
2016	September	-0.7
2016	October	1.5
2016	November	1
2016	December	4.4
2017	January	7
2017	February	8.6
2017	March	7.7
2017	April	7.5
2017	May	4.9
2017	June	3
2017	July	3.1
2017	August	3.6
2017	September	4.1
2017	October	2.8
2017	November	3.8
2017	December	2.1
2018	January	1.5
2018	February	0.3
2018	March	0.6
2018	April	1
2018	May	3.7
2018	June	5
2018	July	5.4
2018	August	5.2
2018	September	4.8
2018	October	5.3
2018	November	2.7
2018	December	0.6
2019	January	1
2019	February	2.1
2019	March	2.6
2019	April	3.3
2019	May	2
2019	June	0.4
2019	July	0.1
2019	August	-0.7
2019	September	-0.7

Larger decrease in crude oil price

In September 2019, the price of a barrel of crude North Sea Brent oil was more than 56 euros, over 17 percent lower than in September 2018. In August 2019, the crude oil barrel price stood at 53.5 euros, around 16 percent down on August 2018.

Output prices are strongly affected by crude oil price developments. In September, prices of petroleum derivatives decreased by 12.0 percent year-on-year. Prices were down by 13.4 percent in August.

In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 6.5 percent lower in September than in the same month last year. In August, prices decreased by 5.2 percent year-on-year.

Prices in most sectors of manufacturing were higher in September 2019 than in the same month one year previously.

Producer prices manufacturing by sector*, September 2019
	% change (year-on-year % change)
Electronic products	3.1
Cars	2.9
Machinery	2.6
Metal products	2.5
Food products	2.1
Rubber and plastic	0.6
Chemical products	-6.5
Petroleum products	-12

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Producer prices manufacturing by sector*, September 2019
	% change (year-on-year % change)
Electronic products	3.1
Cars	2.9
Machinery	2.6
Metal products	2.5
Food products	2.1
Rubber and plastic	0.6
Chemical products	-6.5
Petroleum products	-12

*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in September

Manufacturing output prices rose by 0.6 percent in September relative to August. They increased by 0.1 percent on the domestic market, and by 0.9 on the export market.

Index producer prices
Year	Month	(2015=100) (2015=100)
2015	October	98
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.6
2019	September	106.2

Index producer prices
Year	Month	(2015=100) (2015=100)
2015	October	98
2015	November	98.3
2015	December	96.8
2016	January	95.5
2016	February	94.7
2016	March	95.5
2016	April	96
2016	May	97.2
2016	June	98.1
2016	July	97.7
2016	August	97.6
2016	September	98.1
2016	October	99.5
2016	November	99.3
2016	December	101
2017	January	102.2
2017	February	102.9
2017	March	102.8
2017	April	103.2
2017	May	102
2017	June	101.1
2017	July	100.7
2017	August	101.1
2017	September	102.1
2017	October	102.3
2017	November	103.1
2017	December	103.1
2018	January	103.7
2018	February	103.2
2018	March	103.5
2018	April	104.2
2018	May	105.7
2018	June	106.1
2018	July	106.2
2018	August	106.4
2018	September	107.1
2018	October	107.7
2018	November	105.9
2018	December	103.7
2019	January	104.7
2019	February	105.3
2019	March	106.2
2019	April	107.7
2019	May	107.9
2019	June	106.5
2019	July	106.3
2019	August	105.6
2019	September	106.2

The figures in this publication are provisional and may be revised upwards or downwards.

Sources

StatLine - Producer Price Index
StatLine - Producer Price Index (PPI); output and importprices by product

Larger decrease in crude oil price

Prices of manufactured products increased in September

Sources

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