Manufacturing output prices hardly changed

30/05/2024 15:00

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Statistics Netherlands (CBS) reports that output prices for Dutch-manufactured products were 0.1 percent lower on average in April 2024 relative to one year previously. In March, the price drop was 0.8 percent year on year.


Year	Month	change (year-on-year % change)
2020	May	-5.6
2020	June	-4.1
2020	July	-3.6
2020	August	-3.3
2020	September	-4
2020	October	-3.8
2020	November	-3.5
2020	December	-3.1
2021	januari	-1.3
2021	februari	0.5
2021	maart	5.2
2021	april	9.4
2021	mei	9.9
2021	juni	9.9
2021	juli	11.6
2021	augustus	12.5
2021	september	13.6
2021	oktober	16.3
2021	november	16.8
2021	december	16.1
2022	januari	18
2022	februari	18.2
2022	maart	20.8
2022	april	23.5
2022	mei	23.8
2022	juni	24.9
2022	juli	23.8
2022	augustus	21.7
2022	september	19.9
2022	oktober	18.1
2022	november	15.5
2022	december	13.3
2023	januari	11.1
2023	februari	8.7
2023	maart	4
2023	april	0.2
2023	mei	-1.9
2023	juni	-3.7
2023	juli	-5.2
2023	augustus	-3.2
2023	september	-1.5
2023	oktober	-3.2
2023	november	-2.6
2023	december	-1.9
2024	January	-2.9
2024	February	-1.8
2024	March	-0.8
2024	April	-0.1


Year	Month	change (year-on-year % change)
2020	May	-5.6
2020	June	-4.1
2020	July	-3.6
2020	August	-3.3
2020	September	-4
2020	October	-3.8
2020	November	-3.5
2020	December	-3.1
2021	januari	-1.3
2021	februari	0.5
2021	maart	5.2
2021	april	9.4
2021	mei	9.9
2021	juni	9.9
2021	juli	11.6
2021	augustus	12.5
2021	september	13.6
2021	oktober	16.3
2021	november	16.8
2021	december	16.1
2022	januari	18
2022	februari	18.2
2022	maart	20.8
2022	april	23.5
2022	mei	23.8
2022	juni	24.9
2022	juli	23.8
2022	augustus	21.7
2022	september	19.9
2022	oktober	18.1
2022	november	15.5
2022	december	13.3
2023	januari	11.1
2023	februari	8.7
2023	maart	4
2023	april	0.2
2023	mei	-1.9
2023	juni	-3.7
2023	juli	-5.2
2023	augustus	-3.2
2023	september	-1.5
2023	oktober	-3.2
2023	november	-2.6
2023	december	-1.9
2024	January	-2.9
2024	February	-1.8
2024	March	-0.8
2024	April	-0.1

Larger year-on-year increase in crude oil prices

Output prices are strongly influenced by the price of crude oil. In April, a barrel of North Sea Brent crude cost 83 euros, almost 9 percent more than one year previously. In March, the average price of a barrel of crude stood at almost 78 euros, which was over 5 percent higher than one year previously.

Year on year, prices for petroleum derivatives were up by 1.0 percent in April, while in March they were down by 1.5 percent. In the chemical industry too, output prices tend to track the price of crude oil. Output prices for chemical products were 2.9 percent lower than they were in April 2023. In March 2024, they were down by 5.0 percent year on year.


Category	% change (year-on-year % change)
Machinery	4.3
Electronic products	1.7
Petroleum products	1
Food products	0.8
Cars	0.3
Rubber and plastic	-2.2
Chemical products	-2.9
Metal products	-4.1
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry


Category	% change (year-on-year % change)
Machinery	4.3
Electronic products	1.7
Petroleum products	1
Food products	0.8
Cars	0.3
Rubber and plastic	-2.2
Chemical products	-2.9
Metal products	-4.1
*Altogether, the eight industries referred to account for almost 80 percent of the total Dutch manufacturing industry

Manufacturing output prices rose in April

Output prices rose by 0.8 percent in April compared to March. Prices in export markets rose by 1,1 percent and in domestic markets by 0.2 percent.


Year	Month	(2015=100) (2015=100)
2020	May	89.5
2020	June	90.1
2020	July	90.5
2020	August	90.3
2020	September	90
2020	October	90.2
2020	November	90.5
2020	December	91.2
2021	januari	93.1
2021	februari	94.5
2021	maart	96.1
2021	april	97.6
2021	mei	98.4
2021	juni	99
2021	juli	101
2021	augustus	101.6
2021	september	102.3
2021	oktober	104.8
2021	november	105.6
2021	december	105.8
2022	januari	109.9
2022	februari	111.7
2022	maart	116.2
2022	april	120.6
2022	mei	121.8
2022	juni	123.8
2022	juli	125
2022	augustus	123.7
2022	september	122.7
2022	oktober	123.9
2022	november	121.9
2022	december	119.9
2023	januari	122.2
2023	februari	121.5
2023	maart	120.8
2023	april	120.9
2023	mei	119.6
2023	juni	119.2
2023	juli	118.6
2023	augustus	119.7
2023	september	120.8
2023	oktober	119.9
2023	november	118.8
2023	december	117.6
2024	January	118.6
2024	February	119.3
2024	March	119.8
2024	April	120.7


Year	Month	(2015=100) (2015=100)
2020	May	89.5
2020	June	90.1
2020	July	90.5
2020	August	90.3
2020	September	90
2020	October	90.2
2020	November	90.5
2020	December	91.2
2021	januari	93.1
2021	februari	94.5
2021	maart	96.1
2021	april	97.6
2021	mei	98.4
2021	juni	99
2021	juli	101
2021	augustus	101.6
2021	september	102.3
2021	oktober	104.8
2021	november	105.6
2021	december	105.8
2022	januari	109.9
2022	februari	111.7
2022	maart	116.2
2022	april	120.6
2022	mei	121.8
2022	juni	123.8
2022	juli	125
2022	augustus	123.7
2022	september	122.7
2022	oktober	123.9
2022	november	121.9
2022	december	119.9
2023	januari	122.2
2023	februari	121.5
2023	maart	120.8
2023	april	120.9
2023	mei	119.6
2023	juni	119.2
2023	juli	118.6
2023	augustus	119.7
2023	september	120.8
2023	oktober	119.9
2023	november	118.8
2023	december	117.6
2024	January	118.6
2024	February	119.3
2024	March	119.8
2024	April	120.7

Manufacturing output prices hardly changed

Larger year-on-year increase in crude oil prices

Manufacturing output prices rose in April

Sources

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