Manufacturing output prices almost 5 percent down in May
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Year | Month | change (year-on-year % change) |
---|---|---|
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 | 20.9 |
2021 | December | 19.8 |
2022 | January | 21.7 |
2022 | February | 22 |
2022 | March | 26.1 |
2022 | April | 29.1 |
2022 | May | 29 |
2022 | June | 30.5 |
2022 | July | 28.3 |
2022 | August | 25.2 |
2022 | September | 23.1 |
2022 | October | 20.8 |
2022 | November | 17.1 |
2022 | December | 14.1 |
2023 | January | 11.4 |
2023 | February | 8.2 |
2023 | March | 1.6 |
2023 | April | -2.4 |
2023 | May | -4.9 |
Larger decrease in crude oil price
Output prices are strongly affected by crude oil price developments. In May, a barrel of North Sea Brent oil cost nearly 70 euros, i.e. approximately 34 percent less than in the same month last year. In April 2023, the average price of a barrel stood at over 76 euros, 22 percent less than one year previously.
Prices of petroleum derivatives were down by 30.6 percent year on year in May; they were down by 22.0 percent in April. In the chemical industry as well, output prices are generally linked to crude oil price developments. Output prices of chemical products were 15.7 percent lower than in May 2022. In April, they were down by 14.0 percent year on year.In most manufacturing industries, however, prices in May were higher than one year previously.
Category | % change (year-on-year % change) |
---|---|
Cars | 7.5 |
Machinery | 6.7 |
Electronic products | 5.3 |
Food products | 4.6 |
Rubber and plastic | 1.6 |
Metal products | -0.1 |
Chemical products | -15.7 |
Petroleum products | -30.6 |
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry |
Manufacturing output prices fell in May
Relative to April, manufacturing output prices fell by 1.5 percent in May. Prices decreased by 1.9 percent on the export market, and by 1.0 percent on the domestic market.
Year | Month | (2015=100) (2015=100) |
---|---|---|
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 | 121.4 |
2021 | November | 122.4 |
2021 | December | 122.6 |
2022 | January | 127.8 |
2022 | February | 130.7 |
2022 | March | 137.9 |
2022 | April | 143.6 |
2022 | May | 145.1 |
2022 | June | 147.8 |
2022 | July | 148.1 |
2022 | August | 145.9 |
2022 | September | 144.9 |
2022 | October | 146.6 |
2022 | November | 143.3 |
2022 | December | 139.9 |
2023 | January | 142.4 |
2023 | February | 141.4 |
2023 | March | 140.2 |
2023 | April | 140.1 |
2023 | May | 138 |
Sources
Related items
- Dossier - Business cycle