Manufacturing output prices almost 7 percent up in March
![](https://cdn.cbs.nl/images/7a32742b793372366b48436f662f346344794f3070673d3d/900x450.jpg)
Producer prices Year Month change (year-on-year % change) 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 -0.8 2019 September -0.7 2019 October -1.5 2019 November 0.2 2019 December 2.9 2020 January 2.2 2020 February 0.9 2020 March -3.8 2020 April -8 2020 May -7.8 2020 June -5.5 2020 July -4.8 2020 August -4.2 2020 September -5.3 2020 October -5 2020 November -4.6 2020 December -4.1 2021 January -2 2021 February 0.7 2021 March 6.8
Year | Month | change (year-on-year % change) |
---|---|---|
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 | -0.8 |
2019 | September | -0.7 |
2019 | October | -1.5 |
2019 | November | 0.2 |
2019 | December | 2.9 |
2020 | January | 2.2 |
2020 | February | 0.9 |
2020 | March | -3.8 |
2020 | April | -8 |
2020 | May | -7.8 |
2020 | June | -5.5 |
2020 | July | -4.8 |
2020 | August | -4.2 |
2020 | September | -5.3 |
2020 | October | -5 |
2020 | November | -4.6 |
2020 | December | -4.1 |
2021 | January | -2 |
2021 | February | 0.7 |
2021 | March | 6.8 |
Significant increase in crude oil price
Output prices are strongly affected by crude oil price developments. In March 2021, the price of a barrel of crude North Sea Brent oil was over 55 euros, 77 percent higher than in March 2020. In February 2021, the crude oil barrel price stood at over 51 euros, approximately 1 percent down on February 2020.
In March, prices of petroleum derivatives were up by 55.4 percent year-on-year. Prices were down year-on-year by 3.5 percent in February. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 12.0 percent higher in March than in the same month last year. In February, prices increased by 2.5 percent year-on-year.
Prices in approximately 80 percent of the manufacturing sectors were higher in March 2021 than in the same month last year.
Category | % change (year-on-year % change) |
---|---|
Petroleum products | 55.4 |
Chemical products | 12 |
Food products | 2.7 |
Rubber and plastic | 2.1 |
Metal products | 1.4 |
Cars | 1.2 |
Machinery | 0.2 |
Electronic products | -2 |
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry |
Prices of manufactured products increased in March
Manufacturing output prices rose by 2.0 percent in March relative to February. They increased by 1.9 percent on the export market and by 2.1 percent on the domestic market.
Year | Month | (2015=100) (2015=100) |
---|---|---|
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 | 105.5 |
2019 | September | 106.1 |
2019 | October | 106 |
2019 | November | 106.1 |
2019 | December | 106.7 |
2020 | January | 107 |
2020 | February | 106.3 |
2020 | March | 102.2 |
2020 | April | 99.1 |
2020 | May | 99.4 |
2020 | June | 100.6 |
2020 | July | 101.2 |
2020 | August | 101.1 |
2020 | September | 100.5 |
2020 | October | 100.8 |
2020 | November | 101.2 |
2020 | December | 102.3 |
2021 | January | 104.8 |
2021 | February | 107 |
2021 | March | 109.1 |
Sources
- StatLine - Producer Price Index
- StatLine - Producer Price Index (PPI); output and importprices by product
Related items
- Dossier - Business cycle