Manufacturing output prices almost 13 percent up in May

More recent figures are available on this topic. View the latest figures here.
© Shutterstock / Tjeerd Kruse
Statistics Netherlands (CBS) reports that prices of Dutch-manufactured products were on average 12.9 percent up in May 2021 year-on-year. In the previous month, prices were 12.2 percent up.

Producer prices
YearMonthchange (year-on-year % change)
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-4.1
2021January-1.8
2021February0.9
2021March7.1
2021April12.2
2021May12.9

Soaring crude oil prices

Output prices are strongly affected by crude oil price developments. In May 2021, the price of a barrel of crude North Sea Brent oil was 56 euros, over 88 percent higher than in May 2020. In April 2021, the crude oil barrel price stood at over 54 euros, approximately 121 percent up on April 2020.

In May, prices of petroleum derivatives were up by 73.9 percent year-on-year. In April, they were up by 99.4 percent. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 35.8 percent higher in May than in the same month last year. In April, prices increased by 28.8 percent year-on-year.

Prices in almost all of the manufacturing sectors were higher in May 2021 than in the same month last year.

Producer prices manufacturing by sector*, May 2021
Category% change (year-on-year % change)
Petroleum products73.9
Chemical products35.8
Rubber and plastic7.3
Food products6.3
Metal products2.8
Cars1.2
Machinery0.5
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 May

Manufacturing output prices rose by 0.9 percent in May relative to April. They increased by 0.9 percent on both the export market and the domestic market.

Index producer prices
YearMonth(2015=100) (2015=100)
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
2020December102.3
2021January105
2021February107.2
2021March109.4
2021April111.2
2021May112.2