Manufacturing output prices 4.0 percent down in December

More recent figures are available on this topic. View the latest figures here.
© Hollandse Hoogte
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 4.0 percent down in December 2020 year-on-year. In the previous month, prices were 4.6 percent down.

Producer prices
YearMonthchange (year-on-year % change)
2017January7
2017February8.6
2017March7.7
2017April7.5
2017May4.9
2017June3
2017July3.1
2017August3.6
2017September4.1
2017October2.8
2017November3.8
2017December2.1
2018January1.5
2018February0.3
2018March0.6
2018April1
2018May3.7
2018June5
2018July5.4
2018August5.2
2018September4.8
2018October5.3
2018November2.7
2018December0.6
2019January1
2019February2.1
2019March2.6
2019April3.3
2019May2
2019June0.4
2019July0.1
2019August-0.8
2019September-0.7
2019October-1.5
2019November0.2
2019December2.9
2020January2.2
2020February0.9
2020March-3.8
2020April-8
2020May-7.8
2020June-5.5
2020July-4.8
2020August-4.2
2020September-5.3
2020October-5
2020November-4.6
2020December-4

Smaller decrease in crude oil price

Output prices are strongly affected by crude oil price developments. In December, the price of a barrel of crude North Sea Brent oil was over 41 euros, almost 30 percent lower than in December 2019. In November 2020, the crude oil barrel price stood at over 37 euros, 34.5 percent down on November 2019.

In December, prices of petroleum derivatives decreased by 28.1 percent year-on-year. Prices were down by 32.8 percent in November. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 7.1 percent lower in December than in the same month last year. In November, prices decreased by 9.0 percent year-on-year.

Prices in slightly more than half of the manufacturing sectors were lower in December 2020 than in the same month one year previously. 

Producer prices manufacturing by sector*, December 2020
Category% change (year-on-year % change)
Cars0.5
Rubber and plastic0.1
Machinery-0.1
Metal products-0.1
Food products-0.9
Electronic products-1.8
Chemical products-7.1
Petroleum products-28.1
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Prices of manufactured products increased in December

Manufacturing output prices rose by 1.1 percent in December relative to November. They increased by 1.4 percent on the export market and by 0.8 percent on the domestic market.

Index producer prices
YearMonth(2015=100) (2015=100)
2017January102.2
2017February102.9
2017March102.8
2017April103.2
2017May102
2017June101.1
2017July100.7
2017August101.1
2017September102.1
2017October102.3
2017November103.1
2017December103.1
2018January103.7
2018February103.2
2018March103.5
2018April104.2
2018May105.7
2018June106.1
2018July106.2
2018August106.4
2018September107.1
2018October107.7
2018November105.9
2018December103.7
2019January104.7
2019February105.3
2019March106.2
2019April107.7
2019May107.9
2019June106.5
2019July106.3
2019August105.5
2019September106.1
2019October106
2019November106.1
2019December106.7
2020January107
2020February106.3
2020March102.2
2020April99.1
2020May99.4
2020June100.6
2020July101.2
2020August101.1
2020September100.5
2020October100.8
2020November101.2
2020December102.4