Manufacturing output prices 19.5 percent up in December
![](https://cdn.cbs.nl/images/312f35366d772f79567369616a7a4f387465424235513d3d/900x450.jpg)
Year | Month | change (year-on-year % change) |
---|---|---|
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 | -1.8 |
2021 | February | 0.9 |
2021 | March | 7.1 |
2021 | April | 12.3 |
2021 | May | 13.1 |
2021 | June | 12.6 |
2021 | July | 14.1 |
2021 | August | 15.2 |
2021 | September | 17.1 |
2021 | October | 20.5 |
2021 | November | 21 |
2021 | December | 19.5 |
Smaller increase in crude oil price
Output prices are strongly affected by crude oil price developments. In December 2021, a barrel of North Sea Brent oil cost almost 66 euros, i.e. over 59 percent more than one year previously. The crude oil price was slightly under 71 euros on average in November 2021, i.e. over 90 percent higher than in the same month in 2020.
In December, prices of petroleum derivatives were up by 67.9 percent year on year; they were up by 92.6 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 45.2 percent higher in December than in the same month of the previous year. In November 2021, prices were up by 46.9 percent year on year.
Prices in all of the manufacturing industries increased year on year in December 2021.
Category | % change (year-on-year % change) |
---|---|
Petroleum products | 67.9 |
Chemical products | 45.2 |
Rubber and plastic | 13.7 |
Metal products | 11.7 |
Food products | 11.3 |
Cars | 4.3 |
Electronic products | 3.6 |
Machinery | 3.5 |
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry |
Prices of manufactured products fell in December
Relative to November, manufacturing output prices fell by 0.1 percent in December. They increased by 0.1 percent on the domestic market, but decreased by 0.3 percent on the export market.
Year | Month | (2015=100) (2015=100) |
---|---|---|
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 | 105 |
2021 | February | 107.2 |
2021 | March | 109.4 |
2021 | April | 111.2 |
2021 | May | 112.5 |
2021 | June | 113.3 |
2021 | July | 115.5 |
2021 | August | 116.5 |
2021 | September | 117.7 |
2021 | October | 121.5 |
2021 | November | 122.4 |
2021 | December | 122.3 |
Sources
- StatLine - Producer Price Index
- StatLine - Producer Price Index (PPI); output and importprices by product
Related items
- Dossier - Business cycle